BUSINESSJul 22 · 13:35 UTCWPLG LOCAL 10 MIAMIAssociated Press

Chip companies and other AI winners drag Wall Street lower again, while crude oil prices rise

Stocks of AI-focused chip companies and other tech firms declined, dragging down Wall Street indices like the S&P 500 and Nasdaq. Crude oil prices surged nearly 3% amid escalating U.S.-Iran conflict and shipping disruptions in the Strait of Hormuz. Super Micro Computer and AT&T saw significant stock gains due to earnings previews and profit expectations.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned

S&P 500topicDow Jones Industrial AveragetopicNasdaq CompositetopicBrent crude oiltopicSuper Micro ComputerorganizationAT&TorganizationStrait of HormuzplaceU.S.-Iran conflicttopic

Spot something wrong with this article?Report a problem →

Forward this

Related Signal

Adjacent reporting

BUSINESSJun 11 · 14:09 UTC
Wall Street rises as AI stocks swing back upward and oil prices ease
BUSINESSJul 16 · 17:40 UTC
Slumping AI stocks overshadow gains for the rest of Wall Street, while oil prices drift
BUSINESSJul 9 · 13:51 UTC
Oil prices and stock markets worldwide hold steadier as AI stocks climb
BUSINESSJul 17 · 12:32 UTC
Slumping AI stocks drag Wall Street lower, oil prices jump as US launches more airstrikes on Iran
BUSINESSJul 13 · 20:19 UTC
Oil prices jump following the latest fighting in the Middle East, while AI stocks sink
BUSINESSJul 17 · 15:45 UTC
AI stocks keep falling, while oil prices keep climbing