It’s another horrible day in the markets, and the usual suspects are to blame: AI, oil, and the French

Stock markets across Asia and Europe moved lower after a difficult session in the United States, where technology shares led a broad decline. The S&P 500 fell 1.21%, while the Nasdaq dropped 2.9%.

Technology shares bear the brunt

The sell-off was particularly severe among companies linked to technology and artificial intelligence. CoreWeave, an AI cloud provider, fell 10.06% during the session and is now down 22% for the year.

Meta also came under pressure, losing 6.98% overnight before slipping a further 0.33% in overnight trading. The moves added to the negative tone across global markets as investors assessed the latest declines in major technology names.

Global market impact

The U.S. losses set the tone for trading in Asia and Europe, where stocks were broadly lower. The scale of the Nasdaq decline highlights the concentration of the latest market weakness in technology shares, while the S&P 500's retreat points to wider pressure across U.S. equities.

With no further developments provided, the immediate market picture remains defined by the sharp U.S. sell-off and continued weakness in prominent AI and technology companies.