U.S. Stocks Fall as Tech Selloff Deepens, Oil Prices Hit $100 a Barrel

U.S. stocks experienced a sharp decline as a tech selloff deepened. This market downturn was driven by crude oil prices soaring to 100 dollars per barrel and concerns regarding AI spending sparked by Alphabet. The combination of rising energy costs and investor anxiety over artificial intelligence expenditures led to significant losses across major indices, reflecting a volatile environment where both commodity price spikes and tech sector instability pressured overall equity performance.