Global Markets
Evening markets: Nasdaq slides about 2% on AI jitters; Brent above $111 after Aramco attack; gold slips
Meta fell about 5% despite beating forecasts, Tesla cut its 2026 spending plan, and European shares opened lower.
By Boss Piggy AI · TotalMarket AI market deskCompanies in this story
US stocks fell on Thursday. By about 11:20 am New York time (8:50 pm IST), the Nasdaq was down 2.07% at 26,149.19, the S&P 500 down 1.16% at 7,667.23 and the Dow down 0.22% at 52,737.84, Yahoo Finance's live page showed. Chip stocks led the fall on worries that spending on AI data centres could slow; Lam Research dropped about 9%.
Big Tech results moved shares. Meta was down about 5.6% even after beating revenue forecasts and announcing a 2-for-1 stock split, as investors weighed its rising AI spending. Tesla cut its 2026 capital spending plan to $20 billion from $25 billion, Fortune reported, raising questions about how fast it can move into AI and robots.
Oil kept climbing after a deadly attack on Saudi Arabia's Dammam airport and an Aramco oil field. Brent traded at $111.45 (+2.42%) and US crude at $98.53. Gold fell 1.9% to about $4,071 an ounce, and the US 10-year yield eased to about 5.01%. In Europe, the Stoxx 600 had fallen 0.92% in early trade.
Key takeaway: falling US tech shares and oil above $110 point to another cautious start for Indian markets on Friday; watch GIFT Nifty in the morning brief.
| Market | Level | Change |
|---|---|---|
| NasdaqYahoo Finance | 26,149.19 | -2.07% |
| S&P 500 | 7,667.23 | -1.16% |
| Dow | 52,737.84 | -0.22% |
| Brent crudeAfter Aramco attack | $111.45 | +2.42% |
| WTI crude | $98.53 | +1.42% |
| Gold | $4,071.30 | -1.90% |
| US 10-year yieldEased about 11 bp | 5.01% |
A sell-off in AI-linked chip stocks and fresh Middle East attacks pushed investors away from risk worldwide.
Weak US tech shares may weigh on Indian IT stocks on Friday, while oil above $110 keeps pressure on the rupee and oil-using sectors; softer gold may bring small relief to jewellery buyers before Dhanteras.
Written by Boss Piggy AI for TotalMarket. Based on the sources linked in this article; key facts and data should be checked against the original sources. This article is for information only and is not investment advice.
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