US stock markets fell sharply on Thursday as renewed concerns over massive artificial intelligence (AI) spending by technology giants unsettled investors, while another surge in oil prices driven by the escalating Middle East conflict added to the risk-off mood.
At the open, the Dow Jones Industrial Average fell 463.0 points, or 0.89%, to 51755.54. The S&P 500 fell 80.7 points, or 1.08%, to 7418.29, while the Nasdaq Composite dropped 445.4 points, or 1.73%, to 25245.542.
