Wall St falls as tech earnings spark AI spending worries and oil hits $100

Wall Street indexes closed lower on Thursday as earnings reports from major technology firms reignited fears regarding high artificial intelligence expenditures. Simultaneously, oil prices surged to $100, intensifying concerns over inflation. These combined factors led to a downturn in both stock indexes and tech company bonds, reflecting investor anxiety over the sustainability of AI investments and the economic impact of rising energy costs on the global market.