AI Stock sell-off and rising oil prices drag down U.S. equities; the Nasdaq posts its worst weekly performance since June
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BlockBeats, citing CNBC, said U.S. equities closed lower on Friday, while AI-related stocks came under pressure and oil prices and energy stocks rose.
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AI Stock sell-off and rising oil prices drag down U.S. equities; the Nasdaq posts its worst weekly performance since June BlockBeats reported that October 18, according to CNBC, U.S. equities closed lower on Friday, with the Nasdaq down 2.14%and the S&P 500 down 1.09%and the Dow down 0.34%. The Nasdaq and the S&P 500 both closed below their 50-day moving averages, while VIX 4 months. It was the first time it rose above 22. For the week, the Nasdaq fell more than 4%, its worst weekly performance since June; the S&P 500 fell დაახლოებით 2%, while the Dow rose 0.7%.
Technology and AI-related stocks continued to be sold off. The semiconductor ETF SMH fell 3%on the day and 10%for the week, marking its largest weekly decline since 2025 April; Micron,AMD and SanDisk led the losses. The market is concerned about competition from Chinese manufacturers and excessive borrowing by technology companies for AI infrastructure.AI cloud service provider CoreWeave fell nearly 12%on the day and 25%for the week, with total debt exceeding 51000000000 USD.
Escalating tensions between the United States and Iran, and between Russia and Ukraine, pushed oil prices higher.WTI crude oil futures rose 3.51%to close at 101.41 USD per barrel; Brent crude oil futures rose 3.72%to close at 109.86 USD per barrel. Energy stocks rose against the trend, with shares such as Chevron helping limit the Dow's decline.
Original link https://m.theblockbeats.info/flash/372396
Key points
01
BlockBeats said that October 18, according to CNBC, reported that U.S. equities closed lower on Friday, with the Nasdaq down 2.14%and the S&P 500 down 1.09%and the Dow down 0.34%。
02
The Nasdaq and the S&P 500 both closed below their 50-day moving averages, while VIX 4 months. It was the first time it rose above 22。
03
For the week, the Nasdaq fell more than 4%, its worst weekly performance since June; the S&P 500 fell approximately 2%, while the Dow rose 0.7%。
04
The semiconductor ETF SMH fell 3%on the day and 10%for the week, its largest weekly decline since 2025; Micron,April and SanDisk led the losses.AMD
05
AI Cloud service provider CoreWeave fell nearly 12%on the day and 25%for the week; the report said its total debt has exceeded 51000000000 USD。
06
WTI Crude oil futures rose 3.51%to close at 101.41 USD per barrel; Brent crude oil futures rose 3.72%to close at 109.86 USD。
07
Energy stocks rose against the trend; the report said shares such as Chevron helped limit the Dow's decline.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This report describes a divided market: technology and AI-related stocks were sold off, with the Nasdaq and semiconductor sector posting relatively large declines; meanwhile, the geopolitical tensions described in the report pushed crude oil futures higher, and energy stocks strengthened against the trend. 50-day moving averages are commonly used to assess medium-term trends, while VIX rising above 22 indicates an increase in expected market volatility.
Why it matters to readers
Major stock indexes fell below their 50-day moving averages;VIX rose, and AI and semiconductor stocks declined sharply, reflecting pressure on market risk appetite. Rising oil prices and energy stocks, meanwhile, show that sector performance was uneven.
Beginners may view this report as an example of market volatility and sector rotation, and should not judge long-term trends based solely on daily or weekly gains and losses. They may continue to monitor technology and AI-related stocks, crude oil, and changes in VIX.
Risks and unknowns
The available evidence is BlockBeats' restatement of a report by CNBC; the original CNBC article was not provided, and the data and statements have not been independently verified.
The evidence does not specify any survey or data source underlying concerns about competition from Chinese manufacturers and borrowing for AI infrastructure.
The specific events behind tensions between the United States and Iran and between Russia and Ukraine, as well as their actual impact on crude oil supply, were not specified.
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The evidence does not clearly specify the year to which October 18 belongs.
Related concepts
50-day moving average
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