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Wall Street major indices open lower amid AI outlook doubts and oil rebound

Reuters ·

META Meta Platforms Inc
$648.85 -6.98%
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  1. 1Growth stocks faced pressure as earnings reports from Tesla and Meta failed to resolve doubts regarding the AI outlook.
  2. 2The Nasdaq Composite opened at 26,308.407, recording a 1.48% decline.
  3. 3A rebound in oil prices added to market anxiety.

So what's the key point?

Uncertainty about AI growth increased following earnings reports from Tesla and Meta. With oil prices also rising, the Nasdaq index opened with a 1.48% drop.

Source Reuters · View original ↗

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