AI spending concerns weigh on stocks as bonds and oil rise
AI · First reported 30 Oct, 02:45 · Updated 17:06
Global shares fell as investors questioned whether heavy AI investment would produce sufficient returns. US government bonds rose, while oil reached six-month highs amid supply concerns linked to conflict in the Middle East.
- MSCI’s global stock index fell 1.51%, while the Nasdaq dropped 2.86%; Intel shares sank 28.6% after results showed heavy investment-related cash use.
- The US 10-year Treasury yield fell 5.8 basis points to 4.931% as investors sought safer assets.
- US crude settled at $104.12 a barrel and Brent at $117.63, both at six-month highs, as traders watched for possible escalation and supply risks.
Summary written by Lux AI from 2 articles
Key facts
- MSCI global stocks
- Down 1.51% to 1,115.47.
- Nasdaq Composite
- Down 2.86% to 25,437.00.
- Intel shares
- Down 28.6%.
- US 10-year Treasury yield
- Down 5.8 basis points to 4.931%.
- US crude
- Settled up 2.08% at $104.12 a barrel.
- Brent crude
- Settled up 2.4% at $117.63 a barrel.
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Left 0 · Centre 2 · Right 0 of 2 rated sources
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Ownership
- Government 50% (1)
- Corporation 50% (1)
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