AI Stocks Falter as Oil Tops $110 a Barrel
Benchmark oil prices jumped above $111 a barrel as Nasdaq futures fell 0.7%, reversing some of the recent risk appetite.
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12:36:53 PM UTC
SquawkNews
US stock futures were mixed on Tuesday, with technology shares facing renewed selling pressure as investors weighed the cost of financing artificial intelligence (AI) businesses and the prospect of higher interest rates.Futures linked to the S&P 500 fell 0.1%, while Nasdaq futures declined 0.5%. Do…
By Joe StonorA recovery in artificial intelligence stocks faltered while benchmark oil prices jumped above $111 a barrel, as investors once again pulled back from risk.Nasdaq futures fell 0.7%, putting an abrupt brake on the index's Monday rally. AI infrastructure stocks came under pressure across…