fintech / news / / The Economic Times
US stocks ended lower as AI growth fears, oil price surge, Fed policy signals, and earnings season drove caution.
A Wall Street Journal report revealed OpenAI missed internal targets for users and revenue.
KEY POINTS
- The United Arab Emirates announced it would leave OPEC, adding uncertainty to global oil supply.
- Major tech firms representing 44% of S&P 500's value are releasing earnings this week.
- Rising oil prices and war tensions fueled fears of persistent inflation and potential rate hikes.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →