AI-linked stock rally stalls as oil turns negative
In early European trade, the AI-linked stock rally lost momentum while oil prices reversed to fall on rising hopes for a diplomatic settlement to reopen the Strait of Hormuz.
A global rally in artificial intelligence-linked stocks stalled in early European trade, while oil prices turned lower on rising hopes for a diplomatic settlement to reopen the Strait of Hormuz. Nasdaq futures were flat after the index closed at a new record high Monday.