Menu
SECTIONS
Iran war Russia-Ukraine war Español China Asia Pacific Latin America Europe Africa
TOP STORIES
- US strikes bridges and collapses a tower at a key port as its Iran campaign expands
- Japan enshrines male-only succession for the shrinking imperial family
- 3 islands help control access to the Strait of Hormuz. They're in the crosshairs of the Iran war
Newsletters
The Morning Wire\ \ Our flagship newsletter breaks down the biggest headlines of the day. The Afternoon Wire\ \ Get caught up on what you may have missed throughout the day.
SECTIONS
Immigration Weather Education Transportation Abortion LGBTQ+ Notable Deaths America at 250
TOP STORIES
- AP Exclusive: ICE officer in Maine shooting has history of violent behavior, family and records say
- Ben & Jerry’s Foundation says it will shut down amid legal dispute with parent company
- Trump administration revives rule that could deny green cards to immigrants who use public benefits
Newsletters
The Morning Wire\ \ Our flagship newsletter breaks down the biggest headlines of the day.
AP QUIZZES
Test Your News I.Q. — take our weekly quiz
SECTIONS
2026 Elections Election Results Election calendar White House Congress Supreme Court The latest AP-NORC polls
TOP STORIES
- Trump's teleprompter operator on unpaid leave for alleged prediction market bets on Trump speeches
- Hegseth again backs a low-altitude military flyover as maneuvers draw scrutiny
- To air or not to air? Nation's TV networks struggle to find the right balance for Trump speech
Newsletters
Ground Game\ \ Your guide to the biggest stories in politics, policy and U.S. elections.
SECTIONS
FIFA World Cup NFL MLB WNBA Tennis NBA Golf NHL
TOP STORIES
- Silver says Caitlin Clark has become a 'political football' amid WNBA officiating debates
- MLB to have earliest opening day on March 24 in 2027 — if there is a season
- Messi has a message for World Cup critics of Argentina: 'Nothing was handed to us'
Newsletters
The Sports Wire\ \ Your home base for in-depth reporting from the world of sports.
SECTIONS
Movies Fashion Television Celebrity Interviews Music Books
TOP STORIES
- Ava DuVernay announces '14th' documentary on birthright amendment contested by Trump
- Ava DuVernay anuncia documental sobre enmienda de ciudadanía por nacimiento impugnada por Trump
- Patricia Lockwood wins $10,000 Gabe Hudson Prize for a dark, comic COVID-19 novel
Newsletters
SECTIONS
Tariffs Inflation Financial Markets Financial Wellness Technology
TOP STORIES
-
Trump administration races the clock to rebuild US tariff wall knocked down by Supreme Court
-
Trump firm plans to sell priority access to Truth Social posts, possibly his own
-
Average 30-year US mortgage rate climbs to 6.55%, highest level in nearly a year
SECTIONS
Space Animals The Ancient World Climate Medicine
TOP STORIES
TOP STORIES
-
Raccoon goes on drunken rampage in Virginia liquor store and passes out on bathroom floor
-
Fatou, the world's oldest gorilla living in captivity, celebrates her 69th birthday at Berlin Zoo
-
Viral phenomenon in Argentina has young people identifying themselves as animals
-
Chicken wings advertised as 'boneless' can have bones, Ohio Supreme Court decides
-
Ghana's fantasy coffins are a colorful celebration of life and legacy
-
Lettuce introduce you to the live frog found in this grocery store salad bag
SECTIONS
Trending Better health At home Working well For the climate Eating well
TOP STORIES
-
Trump officials want to make testosterone drugs easier to prescribe. Is that a good idea?
-
How to stay safe and still enjoy produce this summer with the outbreak of diarrhea-causing parasite
-
One Tech Tip: How to soothe thumb pain when texting and scrolling
SECTIONS
TOP STORIES
- At the Kaaba during Hajj, a photographer captures sense of unity and devotion
- How this photographer's second camera caught a blast of lightning among the fireworks
- A photo captures President Trump and first lady awaiting British royals from rare White House angle
Newsletters
SECTIONS
Indigenous peoples and climate Climate Questions Climate Migration India Focus
TOP STORIES
-
Wildfire smoke makes air unhealthy from the US Midwest to East Coast. Officials say stay inside
-
How to protect yourself from the bad air caused by wildfires
-
Trump cites national security to stop offshore wind development. Here's what to know
TOP STORIES
-
Lettuce at Taco Bell in 5 states confirmed as a source of diarrhea-causing parasite
-
Trump officials want to make testosterone drugs easier to prescribe. Is that a good idea?
-
FDA approves a first-of-its-kind pill to cut cholesterol in high-risk patients
-
Study shows a blood test can help identify healthy people at high risk for Alzheimer's disease
-
An experimental Alzheimer's drug shows promise targeting a different brain protein, new study shows
-
As cyclospora illnesses surge to a record, Michigan officials eye lettuce as a possible cause
SECTIONS
Artificial Intelligence Social Media
TOP STORIES
-
AI chatbots are at risk of spreading government restrictions on online speech, a new study says
-
One Tech Tip: How to soothe thumb pain when texting and scrolling
-
Americans are inundated with suspected scams. New polling shows why few victims report them
SECTIONS
Food & Recipes Gardening Fashion Homes Travel Pets
TOP STORIES
-
Stacks and stacks of wax packs, now obsolete, summon the joy of baseball-card childhoods
-
Why ordering takeout or calling the dog walker might lead to a happier relationship
TOP STORIES
- Traditionalist Catholics face a difficult choice after Vatican cuts off breakaway group
- How a 2,300-mile Walk for Peace thrust a Texas monk and his rescue dog into the spotlight
- New AP-NORC poll reveals sharp divides among US Jews over Israel and Gaza
Newsletters
World of Faith\ \ Comprehensive global coverage of how religion shapes our world.
SECTIONS
Política de EEUU Deportes Mundial de Fútbol FIFA
TOP STORIES
-
El Senado de Chile aprueba con cambios la mega reforma económica y tributaria de Kast
-
Ava DuVernay anuncia documental sobre enmienda de ciudadanía por nacimiento impugnada por Trump
-
De la Espriella retirará a Colombia del caso de Sudáfrica contra Israel ante máximo tribunal ONU
-
MORE
Search Query Submit Search
Show Search Menu
Submit Search
Menu
SECTIONS
Iran war Russia-Ukraine war Español China Asia Pacific Latin America Europe Africa
TOP STORIES
- US strikes bridges and collapses a tower at a key port as its Iran campaign expands
- Japan enshrines male-only succession for the shrinking imperial family
- 3 islands help control access to the Strait of Hormuz. They're in the crosshairs of the Iran war
Newsletters
The Morning Wire\ \ Our flagship newsletter breaks down the biggest headlines of the day. The Afternoon Wire\ \ Get caught up on what you may have missed throughout the day.
SECTIONS
Immigration Weather Education Transportation Abortion LGBTQ+ Notable Deaths America at 250
TOP STORIES
- AP Exclusive: ICE officer in Maine shooting has history of violent behavior, family and records say
- Ben & Jerry’s Foundation says it will shut down amid legal dispute with parent company
- Trump administration revives rule that could deny green cards to immigrants who use public benefits
Newsletters
The Morning Wire\ \ Our flagship newsletter breaks down the biggest headlines of the day.
AP QUIZZES
Test Your News I.Q. — take our weekly quiz
SECTIONS
2026 Elections Election Results Election calendar White House Congress Supreme Court The latest AP-NORC polls
TOP STORIES
- Trump's teleprompter operator on unpaid leave for alleged prediction market bets on Trump speeches
- Hegseth again backs a low-altitude military flyover as maneuvers draw scrutiny
- To air or not to air? Nation's TV networks struggle to find the right balance for Trump speech
Newsletters
Ground Game\ \ Your guide to the biggest stories in politics, policy and U.S. elections.
SECTIONS
FIFA World Cup NFL MLB WNBA Tennis NBA Golf NHL
TOP STORIES
- Silver says Caitlin Clark has become a 'political football' amid WNBA officiating debates
- MLB to have earliest opening day on March 24 in 2027 — if there is a season
- Messi has a message for World Cup critics of Argentina: 'Nothing was handed to us'
Newsletters
The Sports Wire\ \ Your home base for in-depth reporting from the world of sports.
SECTIONS
Movies Fashion Television Celebrity Interviews Music Books
TOP STORIES
- Ava DuVernay announces '14th' documentary on birthright amendment contested by Trump
- Ava DuVernay anuncia documental sobre enmienda de ciudadanía por nacimiento impugnada por Trump
- Patricia Lockwood wins $10,000 Gabe Hudson Prize for a dark, comic COVID-19 novel
Newsletters
SECTIONS
Tariffs Inflation Financial Markets Financial Wellness Technology
TOP STORIES
-
Trump administration races the clock to rebuild US tariff wall knocked down by Supreme Court
-
Trump firm plans to sell priority access to Truth Social posts, possibly his own
-
Average 30-year US mortgage rate climbs to 6.55%, highest level in nearly a year
SECTIONS
Space Animals The Ancient World Climate Medicine
TOP STORIES
TOP STORIES
-
Raccoon goes on drunken rampage in Virginia liquor store and passes out on bathroom floor
-
Fatou, the world's oldest gorilla living in captivity, celebrates her 69th birthday at Berlin Zoo
-
Viral phenomenon in Argentina has young people identifying themselves as animals
-
Chicken wings advertised as 'boneless' can have bones, Ohio Supreme Court decides
-
Ghana's fantasy coffins are a colorful celebration of life and legacy
-
Lettuce introduce you to the live frog found in this grocery store salad bag
SECTIONS
Trending Better health At home Working well For the climate Eating well
TOP STORIES
-
Trump officials want to make testosterone drugs easier to prescribe. Is that a good idea?
-
How to stay safe and still enjoy produce this summer with the outbreak of diarrhea-causing parasite
-
One Tech Tip: How to soothe thumb pain when texting and scrolling
SECTIONS
TOP STORIES
- At the Kaaba during Hajj, a photographer captures sense of unity and devotion
- How this photographer's second camera caught a blast of lightning among the fireworks
- A photo captures President Trump and first lady awaiting British royals from rare White House angle
Newsletters
SECTIONS
Indigenous peoples and climate Climate Questions Climate Migration India Focus
TOP STORIES
-
Wildfire smoke makes air unhealthy from the US Midwest to East Coast. Officials say stay inside
-
How to protect yourself from the bad air caused by wildfires
-
Trump cites national security to stop offshore wind development. Here's what to know
TOP STORIES
-
Lettuce at Taco Bell in 5 states confirmed as a source of diarrhea-causing parasite
-
Trump officials want to make testosterone drugs easier to prescribe. Is that a good idea?
-
FDA approves a first-of-its-kind pill to cut cholesterol in high-risk patients
-
Study shows a blood test can help identify healthy people at high risk for Alzheimer's disease
-
An experimental Alzheimer's drug shows promise targeting a different brain protein, new study shows
-
As cyclospora illnesses surge to a record, Michigan officials eye lettuce as a possible cause
SECTIONS
Artificial Intelligence Social Media
TOP STORIES
-
AI chatbots are at risk of spreading government restrictions on online speech, a new study says
-
One Tech Tip: How to soothe thumb pain when texting and scrolling
-
Americans are inundated with suspected scams. New polling shows why few victims report them
SECTIONS
Food & Recipes Gardening Fashion Homes Travel Pets
TOP STORIES
-
Stacks and stacks of wax packs, now obsolete, summon the joy of baseball-card childhoods
-
Why ordering takeout or calling the dog walker might lead to a happier relationship
TOP STORIES
- Traditionalist Catholics face a difficult choice after Vatican cuts off breakaway group
- How a 2,300-mile Walk for Peace thrust a Texas monk and his rescue dog into the spotlight
- New AP-NORC poll reveals sharp divides among US Jews over Israel and Gaza
Newsletters
World of Faith\ \ Comprehensive global coverage of how religion shapes our world.
SECTIONS
Política de EEUU Deportes Mundial de Fútbol FIFA
TOP STORIES
-
El Senado de Chile aprueba con cambios la mega reforma económica y tributaria de Kast
-
Ava DuVernay anuncia documental sobre enmienda de ciudadanía por nacimiento impugnada por Trump
-
De la Espriella retirará a Colombia del caso de Sudáfrica contra Israel ante máximo tribunal ONU
-
MORE
Search Query Submit Search
Show Search Menu
Submit Search
The global sell-off for AI stocks is deepening, while oil prices keep climbing
Traders Robert Charmak, left, and Mark Puetzer work on the floor of the New York Stock Exchange, Thursday, June 25, 2026. (AP Photo/Richard Drew)
By STAN CHOE
Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year]
Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. Share
Share
- Copy
Link copied
NEW YORK (AP) — More sell-offs for computer chip companies and other winners of the artificial-intelligence technology boom are yanking stock markets lower Friday. Oil prices, meanwhile, continue to climb because of the war with Iran.
The S&P 500 dropped 1.3% and was on track to close out its first losing week in the last three and just its third losing week in the last 16. The Dow Jones Industrial Average was down 451 points, or 0.9%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 2.1% lower.
Chip stocks once again were at the center of the weakness. They’ve been under pressure for weeks on worries that their prices shot too high and that voracious demand for computer memory and processors may not be sustainable if AI ends up not producing as much profit and productivity as promised.
Nvidia was the heaviest weights on the S&P 500 after falling 3.4%.
Applied Materials sank 6.9% to trim its surge for the year so far to 103%, and Micron Technology dropped 4.8% to shave its year-to-date gain to 184%.
The sell-off was worldwide, with indexes tumbling 6.5% in Taipei, 4% in Tokyo and 3% in Shanghai as stocks like Taiwan Semicondcutor Manufacturing Co. dropped 7.3%.
South Korea’s stock market was closed for a holiday, offering some respite. It’s been at the center of the AI swings recently because it’s dominated by two huge tech companies, Samsung Electronics and SK Hynix. This past week alone, Seoul’s Kospi stock index had one day where it surged 6.2% but two others where it sank 6.4% and 8.9%.
Related Stories
SpaceX Starship launch aborted on the pad at the last moment
2 MIN READ
Japan’s space agency conducts first test flight for experimental reusable rocket
1 MIN READ
Wall Street banks are sky-high about SpaceX, but investors remain cautious
2 MIN READ
Adding to the pressure on Wall Street Friday were drops for several stocks following their latest earnings reports. It’s a departure from much of the rest of the week, when companies like Goldman Sachs and BlackRock jumped after delivering better profits for the spring than analysts expected.
Read More
Netflix sank 10.9% after its revenue for the latest quarter fell just short of analysts’ expectations, even though its profit was bigger than expected. Its forecasts for upcoming revenue and profit in the summer also fell below expectations.
Intuitive Surgical, a maker of robotic surgical systems, dropped 10.8% despite topping expectations for the latest quarter. Analysts pointed to worries about slowing procedure growth because of the expiration of enhanced tax credits that helped lower the cost of health insurance for many Affordable Care Act enrollees.
Elon Musk’s SpaceX fell 6.2% to touch its lowest level since its stock began trading on the Nasdaq just over a month ago. The owner of the xAI business has also gotten swept up in the swings of AI stocks, and it had to abort a test flight of its mega Starship rocket Thursday within a second or so from blasting off.
Sign up for Morning Wire: Our flagship newsletter breaks down the biggest headlines of the day.
Email address
Sign up
By checking this box, you agree to AP's Terms of Use and acknowledge that AP may collect and use your data pursuant to our Privacy Policy.
Some of the engines failed to ignite, triggering a launch abort amid billowing clouds of smoke and vapor.
Also pressuring the stock market was another rise in oil prices.
The price for a barrel of Brent crude, the international standard, rose 2.9% to $86.70, up from roughly $76 a week ago.
The United States expanded its airstrike campaign against Iran early Friday by hitting more bridges and collapsing a tower at a key Iranian port, part of U.S. President Donald Trump’s threats to start striking infrastructure to pressure Tehran to ease its chokehold on the Strait of Hormuz.
Oil prices are near their highest level in a month because of worries that the war with Iran will keep oil tankers out of the strait and block shipments of crude from the Persian Gulf to customers worldwide.
\\\_
AP Business Writers Matt Ott and Elaine Kurtenbach contributed to this report.
Read Original at AP News →