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BUSINESSJul 29 · 14:40 UTCWPLG LOCAL 10 MIAMIBy STAN CHOE, Associated Press

Oil prices jump following fighting with Iran, while sinking AI stocks drag Wall Street lower

Oil prices surged 6% amid renewed fighting between Iran and the U.S., while falling technology stocks, including Nvidia and Samsung, dragged Wall Street indices lower. The S&P 500 dropped 0.7%, the Dow fell 1.4%, and the Nasdaq declined 1% as traders awaited the Federal Reserve's interest rate decision.

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Oil prices jump following fighting with Iran, while sinking AI stocks drag Wall Street lower · The Nexus