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Stocks fall as oil hits $100 a barrel and bonds sell off
The selloff is tied to concerns about heavy AI spending, with large-cap names like Tesla and Google also dropping.
WSJ Markets reports that stocks slid as bond prices fell amid worries tied to oil prices rising to $100 a barrel.
According to the report, concerns about heavy AI spending weighed on sentiment and contributed to weakness in major technology-related stocks.
The outlet notes Tesla and Google were among the companies declining during the session.
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