homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

October 23, 2026

Sharp drops for AI stocks

By STAN CHOE
AP Business Writer

NEW YORK — The latest shudder for stocks in the artificial-intelligence industry pulled markets lower worldwide on Thursday, while oil prices hit their highest levels since May on worries about the war with Iran.

The S&P 500 fell 1.2% for its worst day since July, while the Nasdaq composite tumbled 2.6%. The weakness for tech stocks was so overwhelming that it masked strength for the rest of the U.S. market, where the majority of stocks actually rose. The Dow Jones Industrial Average added 11 points, or less than 0.1%.


 
. . .


To read this story in full login or purchase a subscription.




Email or user name:
Password:
 
Forgot password? Click here.