Tech Worries and Oil Price Spike Weigh on Market Sentiment
Technology weakness and rising oil prices weighed on global sentiment at the week and month-end. Disappointing earnings updates revived concerns about AI spending and stretched valuations; markets also digested European Central Bank decisions.
CANBERA (dpa-AFX) - Tech weakness and rising oil prices swayed global market sentiment on the last day of the week and month. Disappointing earnings updates from major technology companies renewed concerns over AI spending and stretched valuations. Markets also digested decisions by the European Ce…