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US stocks tumble, oil surges as war and AI fears rattle Wall Street
The Sunday Guardian
|March 01, 2026
U.S. stocks sank Friday as Wall Street kept punishing companies that could become losers in the artificial-intelligence revolution.
A surprisingly discouraging update on inflation also hurt the market, while oil prices climbed with worries about tensions between the United States and Iran.The S&P500 fell 0.4% and staggered to the finish of just its second losing month in the last 10. The Dow Jones Industrial Average dropped 521 points, or 1.1%, the Nasdaq composite sank 0.9%.
The losses came as inves tors returned to knocking down software companies and other businesses they suspect could get supplanted by AI-powered competitors.
Block, the company behind Cash App, Square and other businesses, gave a potential signal of what AI could do after Chair Jack Dorsey said it’s cutting its workforce by nearly half. That's even though he said 2025 was a strong year for the company, which is sending more cash to shareholders through stock buybacks.
Diese Geschichte stammt aus der March 01, 2026-Ausgabe von The Sunday Guardian.
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