US stock indexes open lower as AI doubts resurface and oil climbs
US stock indexes opened in the red after Tesla and Meta earnings failed to ease AI concerns, while oil prices rebounded, Reuters reported.
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what happened
According to Reuters, the main US equity benchmarks slipped at Thursday's open. Growth shares came under fresh pressure, as results from megacaps Tesla and Meta did little to ease questions about the outlook for artificial intelligence. A recovery in crude prices also fed investor unease.
The Dow Jones Industrial Average shed 67.7 points, a 0.13% decline, reaching 52,788.41 at the opening bell. The S&P 500 CBOE:SPX gave up 62.6 points (0.81%), landing at 7,694.62. The Nasdaq Composite retreated 394.5 points, or 1.48%, to 26,308.407.
why it matters
Tech names bore the brunt of the selling, with the Nasdaq falling more sharply than the Dow. The move signals that investors remain reluctant to pay up for growth without clearer AI returns, while costlier oil adds inflation worries. Market direction will hinge on how upcoming company reports are received.
market impact
US stock indexes and tech sector: pressure from AI doubts and higher oil prices
tags
instruments
sources
- Wall St opens lower as AI jitters return, oil rises — Reuters, 22 October 2026 at 13:33 UTC
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