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BUSINESSJul 29 · 15:53 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 6.7% due to renewed fighting between Iran and the U.S., while declining AI-related tech stocks dragged Wall Street indices lower. The S&P 500 fell 0.9%, and South Korea’s Kospi index dropped 6% as skepticism grew over AI sector sustainability.

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IranplaceUnited StatesplaceSaudi ArabiaplaceFederal ReserveorganizationSamsung ElectronicsorganizationSK HynixorganizationNvidiaorganizationAdvanced Micro DevicesorganizationBrent crudetopicAI stockstopic
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