S7/10Economic

US stocks today: Nasdaq plunges 2% as tech earnings spark AI spending worries

Wall Street closed sharply lower with Nasdaq down over 2% as weak Big Tech earnings and rising AI spending concerns hit sentiment. Surging oil prices above $100, driven by Middle East tensions, reignited inflation fears and pushed bond yields higher, overshadowing gains in defense stocks like Lockheed Martin.

23 Jul 2026, 20:03 UTCSource: Economic TimesOriginal source

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