US stocks sink and oil prices rise as worries about AI, inflation and possible war hit Wall Street
Yahoo Finance·2026-02-27 05:58
NEW YORK (AP) — U.S. stocks sank Friday as Wall Street kept punishing companies that could become losers in the artificial-intelligence revolution. A surprisingly discouraging update on inflation also hurt the market, while oil prices climbed with worries about tensions between the United States and Iran. The S&P 500 fell 0.4% and staggered to the finish of just its second losing month in the last 10. The Dow Jones Industrial Average dropped 521 points, or 1.1%, the Nasdaq composite sank 0.9%. The loss ...