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AI stocks slip and global markets retreat as oil hits 5-month high

Fast Company 22 October 2026 9h ago
AI stocks slip and global markets retreat as oil hits 5-month high
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Drops for stocks in the artificial-intelligence industry are dragging markets down worldwide on Thursday, while oil prices hit their highest levels since May on worries about the war with Iran . The S&P 500 sank 1.3% following even sharper losses in Asia, whose markets are full of AI and other technology stocks. The Nasdaq composite was down 2.4%, as of 12:56 p.m. ET, but stocks outside of tech di
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