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The Piney Point

Tumbling AI stocks overwhelm markets worldwide as oil prices jump

Tumbling AI stocks overwhelm markets worldwide as oil prices jump
Photo: KPRC 2 / Click2Houston (NBC) · view original

The latest shudder for AI stocks pulled markets sharply lower around the world. The S&P 500 fell 1.2% Thursday for its worst day since July, while the Nasdaq composite tumbled 2.6%. The weakness for tech stocks was so overwhelming that it masked strength for the rest of the market, where the majo...

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