Wall Street Drop Sparks AI Spending Concerns
U.S. stock market indices declined sharply amid rising concerns over AI spending following the results of major tech companies, simultaneously with oil prices soaring by about 6% due to escalating tensions in the Middle East. Brent crude crossed the $100 per barrel mark for the first time in two months as a result of American military strikes on Iran and the Houthi attacks on ships in the Red Sea.
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