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[ARTICLE · art-70236] src=businesstimes.com.sg ↗ pub= topic=artificial-intelligence verified=true sentiment=↓ negative

Wall St opens lower as Big Tech earnings rekindle AI spending worries; oil jumps

Wall Street's main indexes opened lower on Thursday (Jul 23) as Big Tech earnings reignited concerns over heavy AI spending, with the Dow falling 463.0 points (0.89%), the S&P 500 dropping 80.7 points (1.08%), and the Nasdaq Composite declining 445.4 points (1.73%), while a jump in oil prices linked to the widening Middle East conflict further dampened sentiment, according to Reuters.

read1 min views1 publishedJul 23, 2026
Wall St opens lower as Big Tech earnings rekindle AI spending worries; oil jumps
Image: Businesstimes (auto-discovered)

[NEW YORK] Wall Street’s main indexes opened lower on Thursday (Jul 23), as concerns over heavy AI spending resurfaced after the first batch of Big Tech earnings, while another jump in oil prices linked to the widening Middle East conflict further dampened sentiment.

The Dow Jones Industrial Average fell 463.0 points, or 0.89 per cent, at the open to 51,755.54.

The S&P 500 fell 80.7 points, or 1.08 per cent, at the open to 7,418.29, while the Nasdaq Composite dropped 445.4 points, or 1.73 per cent, to 25,245.542 at the opening bell. REUTERS

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businesstimes.com.sg — original article Economists expect unchanged monetary policy in July, after inflation rises but stays under forecast Samsung’s US$400,000 bonus fuels labour disputes across South Korea Asia’s AI rally is narrowing. But the opportunity is also broadening
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