Wall Street's main indexes opened lower on Thursday as growth stocks came under renewed pressure after earnings from mega-caps Tesla and Meta did little to dispel doubts about AI outlook, while a rebound in oil prices added to market jitters.
The Dow Jones Industrial Average fell 67.7 points, or 0.13%, to 52,788.41 at the open. The S&P 500 fell 62.6 points, or 0.81%, to 7,694.62, while the Nasdaq Composite dropped 394.5 points, or 1.48%, to 26,308.407.
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US stocks today: US stocks slide as AI spending jitters hit Nasdaq, oil prices rebound
US stocks opened lower on Thursday as renewed concerns over the outlook for artificial intelligence weighed on growth stocks. Tesla and Meta earnings failed to ease AI-related jitters, while rising oil prices added to market pressure. The Nasdaq fell 1.48%, while the S&P 500 and Dow also declined at the open.
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