AI-driven gains in the Nasdaq 100 struggle against a broader market retreat as energy price spikes and health insurance sector weakness weigh on the Dow Jones.
Meta Platforms up over 5% following positive analyst reviews of its AI assistant Muse.
UnitedHealth Group down over 5%, leading Dow Jones losers amid weakness in health insurance stocks.
Nvidia highlighted as part of the AI-infrastructure stocks driving Nasdaq 100 gains.
The Nasdaq 100 edged higher as strength in AI-infrastructure and chipmakers offset broader market declines. The Dow Jones Industrial Average fell to a 5-week low, pressured by a sharp sell-off in health insurance stocks and rising bond yields. Investors remain cautious as WTI crude oil prices surged over 2% to a 3.25-month high, fueling inflation concerns and pushing the 10-year T-note yield to a 2.75-year peak.
Markets are facing headwinds from rising inflation expectations driven by a 2% surge in crude oil prices, alongside an escalating trade dispute between the US and Canada.