TECHNOLOGY SHARES DRAG GLOBAL MARKETS LOWER AS BRENT REACHES FIVE - MONTH HIGH

What happened: Technology shares pulled markets lower in Asia and the United States on Thursday, while Brent crude climbed to a five-month high. Key numbers: S&P 500 fell 1.3%, Dow Jones 0.1% (40 points), Nasdaq Composite 2.4%. Kospi 3.5%, Hang Seng 3%, Nikkei 225 2.7%. Brent up 2.9% at $111.99 a barrel. Why it matters: The AP linked tech pressure to investor doubts over whether AI returns justify data center and chip costs. Oil and inflation risks are supporting expectations for tighter monetary policy, with the Fed decision due next week.

Technology shares pulled markets lower in Asia and the United States on Thursday, while Brent crude climbed to a five-month high.

The AP linked tech pressure to investor doubts over whether AI returns justify data center and chip costs. Oil and inflation risks are supporting expectations for tighter monetary policy, with the Fed decision due next week.