AI · SEMICONDUCTOR · FACT CHECK
SKD WIRETrue
U.S. stocks closed lower in New York trading, with the Nasdaq dropping 2.15% as a sell-off in AI-related shares combined with a sharp rise in oil prices to pressure the market.
Selling concentrated in AI-linked stocks drove the Nasdaq's 2.15% decline in the New York session. Investors rotated out of positions that had powered the index's recent gains, magnifying losses across the technology-heavy benchmark.
A sharp climb in oil prices added to the market's troubles, raising concerns about costs for consumers and businesses and compounding the risk-off mood among traders.
The combination of AI stock selling and rising crude prices defined the New York close, with the Nasdaq's 2.15% fall standing as the session's headline move.
The claim that the Nasdaq fell 2.15% amid AI stock selling and a surge in oil prices at the New York close is True.
