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US Stocks Drop as Traders Focus on AI Spending, Oil Jumps

US stocks retreated as worries about artificial-intelligence spending weighed on sentiment while oil prices hit $100 a barrel for the first time in two months. Traders braced for more key earnings, including from Intel Corp., later in the afternoon.

US Stocks Drop as Traders Focus on AI Spending, Oil Jumps

US stocks retreated as worries about artificial-intelligence spending weighed on sentiment while oil prices hit $100 a barrel for the first time in two months. Traders braced for more key earnings, including from Intel Corp., later in the afternoon.

Intelligence Bloomberg Jul 23, 2026

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