Wire reporting: (AP, via The Guardian)

U.S. and global stock indexes fell on Thursday as declines in artificial-intelligence-linked shares outweighed gains in most other U.S. stocks, according to an Associated Press market roundup carried by The Guardian, Stuff, KFOR and The Toledo Blade^1,2,3,4.

The AP said the S&P 500 and Nasdaq composite both closed lower while the Dow Jones Industrial Average finished slightly higher, and that a majority of S&P 500 members still advanced^1,4. It attributed selling in the AI group to higher borrowing costs for data centers and chips and to valuations after a multiyear run^1,4.

The same wire named chip and platform companies among the session's larger decliners, including Lam Research after its outlook, Meta Platforms after mixed quarterly results, plus Tesla, Nvidia and CoreWeave^1,4.

Brent crude rose to a five-month high on uncertainty about energy supply during the war with Iran, according to the AP, while French stocks slipped as government-bond yields rose^1,4. U.S. Treasury yields fell as investors bought safer bonds, even as weekly jobless claims pointed to still-low layoffs^1,4.

An earlier Friday AP wrap by Elaine Kurtenbach, carried by Local 10, ClickOrlando and ClickOnDetroit, said Asian shares were mostly lower after Thursday's AI-linked drop, which it described as the S&P 500's worst day since July^5,6,7. That version listed the Nikkei 225 down 1.7%, South Korea's Kospi down 2.4%, Shanghai down 1.3% and Australia's S&P/ASX 200 down 0.2%, while Hong Kong's Hang Seng rose 0.2%^6,7.

A later AP update carried by KSAT and The Philadelphia Inquirer said Asian shares were mostly higher Friday after rebounding from early losses^8,9. KSAT's copy put Tokyo's Nikkei 225 down 0.3%, South Korea's Kospi up 0.3%, Hong Kong's Hang Seng up 0.8%, Shanghai up 0.9% and Australia's S&P/ASX 200 nearly unchanged⁸.

The KSAT AP copy put Brent crude 1.1% higher at $114.38 a barrel and U.S. crude 1.3% higher at $100.79, and restated Thursday closes of a 1.2% drop for the S&P 500 and a 2.6% drop for the Nasdaq⁸. An earlier Friday wire had put Brent at $113.73 and U.S. crude at $100.08^6,7. The Inquirer AP version said oil hovered at its highest levels since May and restated Meta Platforms down 7% after mixed quarterly results and Tesla down 3.1% after mixed results⁹.

A still-later AP wrap carried Friday by Local 10 and The Philadelphia Inquirer said world shares were mixed while oil hovered at its highest levels since May^10,11. That copy put Brent up 0.8% at $114.02 a barrel and U.S. crude up 1.1% at $100.60, with Germany's DAX, France's CAC 40 and Britain's FTSE 100 each down 0.4% to 0.6% in early European trade^10,11. It listed Tokyo's Nikkei 225 down 0.3%, South Korea's Kospi up 0.3%, Hong Kong's Hang Seng up 0.7%, Shanghai up 0.9% and Australia's S&P/ASX 200 nearly unchanged^10,11.

Sources

1. (AP, via The Guardian)Sharp drops for AI stocks overwhelm markets worldwide as oil prices jumpAlso (AP, via Toledo Blade), (AP, via KFOR), (AP, via Stuff), (AP, via Local 10), (AP, via ClickOrlando), (AP, via ClickOnDetroit)Oct 22, 5:50 PM
2. KSATAsian shares mostly rebound from AI-related losses, while oil prices jumpOct 22, 11:54 PM
3. The Philadelphia InquirerAsian shares mostly rebound from AI-related losses, while oil prices jumpOct 23, 3:46 AM
4. Local 10World shares are mixed after Wall Street's AI-related losses, while oil prices jumpOct 23, 4:42 AM
5. The Philadelphia InquirerWorld shares are mixed after Wall Street's AI-related losses, while oil prices jumpOct 23, 4:42 AM

Read the original at The Guardian ↗