A brutal sell-off swept through Wall Street, led by stocks tied to the buildout of AI data centers. The S&P 500 fell 4.4% Thursday for its worst drop since President Donald Trump shook markets worldwide in April 2025 with his “Liberation Day” tariffs. The wipeout more than erased the market’s gain from the day before, which was its best in three months. The Dow Jones Industrial Average dropped more than 1,800 points, and the Nasdaq composite tumbled 5.5%. AI stocks worldwide felt pressure as worries rise about possible moratoriums on data centers following Democratic victories in the U.S. midterm elections.

LONDON (AP) — The Bank of England indicated Thursday that the sharp decline in energy prices after the U.S. midterm elections — if sustained —…

U.S. stocks soared after President Donald Trump’s party lost its sole control of Washington in the midterm elections. Stocks generally do well in the months following any midterm U.S. election, regardless of who wins, and the S&P 500 jumped 1.6% Wednesday. The Dow Jones Industrial Average surged more than 1,500 points, and the Nasdaq composite rose 1.4%. Stocks of hospital owners and retailers focused on lower-income Americans helped lead the widespread rally. Investors meanwhile see risks for Trump’s social-media company, the AI industry and Elon Musk's businesses. Oil prices tumbled, which helped Treasury yields ease in the bond market.

McDonald’s plans to introduce new value-oriented meal bundles early next year after a disappointing third quarter that saw lower traffic at U.S. restaurants. McDonald’s Chairman and CEO Chris Kempczinski said Wednesday that the company recently began an eight-week test of mix-and-match and fixed-price bundles at 1,900 U.S. restaurants. Those bundles might feature a McChicken sandwich and small fries for $3.50, for example. But around 4,000 franchisees have decided not to wait for the test results and have launched meal bundles of their own, he said. McDonald's U.S. same-store sales fell 0.2% in the July-September period. It was the first retreat for McDonald’s since early 2025.

A rebound for some influential Big Tech stocks helped lift the U.S. market despite a drop for Apple and mixed trading elsewhere on Wall Street. The S&P 500 rose 0.4% Tuesday, even though the majority of stocks within the index fell. The Dow Jones Industrial Average lost 0.4%, and the Nasdaq composite added 0.8%. Apple sank after warning it may squeeze out less profit from each $1 in revenue as costs jump for memory chips. But Nvidia and other AI-related stocks offset that after bouncing back following weeks of their own sharp swings. Oil prices sank.

FRANKFURT, Germany (AP) — Majority state-owned oil company Saudi Aramco on Tuesday reported a 35% increase in third-quarter net profit as earn…

A morning rally for U.S. stocks petered out as the tech and AI industries remained shaky following their sell-off last week. The S&P 500 fell 0.5% Monday after erasing a gain that reached 1.1% early in the day. The Dow Jones Industrial Average added 0.4%, while the Nasdaq composite fell 1.1%. The mixed performance for indexes came even though the majority of stocks within the S&P 500 climbed. They benefited from a 7.6% drop for the price of a barrel of Brent crude. Nvidia and Alphabet swung from early gains to losses and helped drag the S&P 500 with them.

The sell-off for tech stocks on Wall Street got even worse on worries that the frenzy around AI sent prices too high. The S&P 500 dropped 1.8% Friday for its worst day since June. The Nasdaq composite fell 2.9%, while the Dow Jones Industrial Average dropped 1.1%. Intel plunged to its biggest loss since 1974 after giving a profit forecast that fell below analysts’ expectations, while Amazon’s latest profit report raised more worries about how much companies are spending on their AI Investments. Treasury yields sank as investors searched for safer things to own, even though oil prices rose.

ExxonMobil and Chevron both reported better than expected quarterly results Friday as the oil majors benefited from higher prices and record p…

FRANKFURT, Germany (AP) — Europe's economy persevered with moderate growth in the third quarter despite higher oil prices from the U.S.-Iran w…