Trader Edward McCarthy, lefty dn specialist James Denaro work on the floor of the New York Stock Exchange, Wednesday, April 22, 2026. (AP Photo/Richard Drew) Traders Jonathan Mueller, left, and Michael Capolino confer on the floor of the New York Stock Exchange, Thursday, April 23, 2026. (AP Photo/Richard Drew) NEW YORK (AP) — Sinking AI stocks and another climb in oil prices because of the Iran war helped pull Wall Street off its record heights on Tuesday. The S&P 500 fell 0.5% from its latest all-time high.
Main Idea: Asian and U.S. markets fell as war worries in Iran lifted oil prices and added pressure on AI stocks, including OpenAI-linked names and chip makers Broadcom and Nvidia.
Key Points:
Higher oil prices can raise gasoline, shipping, and heating costs for US households and small businesses. Tech stocks like OpenAI-linked AI firms, Broadcom, and Nvidia falling could also hit retirement accounts and make markets shakier.
No clear positive impact identified.
Rate how each entity in this article affected the American people.
Major AI-chip company that fell sharply and weighed on the S&P 500.
Major AI-chip company whose drop contributed to the market decline.
Central company in the AI-spending concerns that helped drive the market moves.
One of the large AI spenders scheduled to report results.
One of the large AI spenders scheduled to report results.
Named central bank that kept rates unchanged and contributed to overseas market moves.
Major company whose strong results helped offset broader market losses.
One of the large AI spenders scheduled to report results.
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Sign in to commentNamed chip company mentioned as part of the AI-stock weakness.
One of the large AI spenders scheduled to report results.