Wall Street closes down with oil rising and AI costs

Wall Street closes down with oil rising and AI costs

The New York stock exchange closed down, affected by the rise in oil prices and with doubts about the profitability of investments in artificial intelligence.

© Reuters


23/10/2026
by

Lusa

23 Oct 2026 – The New York stock exchange closed today, affected by the rise in oil prices and with the persistence of doubts increases the profitability of investments in artificial intelligence (IA).

 

The result of the session indicates that the Nasdaq technological index declined 0.21%, the extended S&500 lost 0.52% and the selective Dow Jones Industrial Average decreased 1.23%.

“The persistent rise in oil quotes are still weighing on investor confidence,” Briefing analysts said. Com.

Brent's quote has peaked since early April.

The U.S. might attack Iran again next weekend, said US diplomat Tom Barrack today, after the multiplication of threats by Israel and the US in recent days,

The rise in oil prices revives inflationary fears and “is an important obstacle to the more sensitive quotations to the economic environment,” said Briefing analysts. Com.

After a day of clear relief, bond lending rates recovered ground, given the rise in oil prices.

The yield of 10-year federal debt securities evolved to 5%, after 4.95% the day before.

The titles of technological conglomerates ended aimlessly, after the strong fall of Thursday, with Nvidia losing 0.59% to Alphabet 1.24% and Meta 0.96%, but with Microsoft winning 0.66% and SpaceX 1.89%

On Thursday, Meta (Facebook, Instagram) revived fears about the increasing costs of investments in AI, dragging with it part of the sector.

“ Questions arose about the costs of financing these investments,” said David Morrison of Trade Nation. “Investors are now afraid that Meta and other digital giants (...) will sell part of their shares to finance the development of AI.”.

Among the quotations, the rise in oil prices took advantage of ExxonMobil (+2.79%), ConocoPhillips (+3.56%) and Chevron (+2.89%).

On the contrary, air carriers were penalised – American Airlines (-3.89%), Delta (-3.14%) – such as cruise companies, cases of (-3.55%) and Royal Caribbean (-3.36%).

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