AI stock rally stalls as oil turns negative
Nasdaq futures were flat as AI-linked stocks’ rally stalled and oil prices turned lower amid Saudi steps toward reopening a critical pipeline and hopes for a Strait of Hormuz diplomatic settlement.
A global rally in artificial intelligence-linked stocks stalled, while oil prices turned lower after Saudi Arabia moved closer to reopening a critical oil pipeline and hopes grew for a diplomatic settlement to reopen the Strait of Hormuz. Nasdaq futures were flat after the index closed higher on Tuesday.