New York, 24 July 2026 – Wall Street ended sharply lower as investors questioned whether massive corporate spending on artificial intelligence would generate sufficient returns, while oil prices above US$100 a barrel revived inflation concerns and pushed government bond yields higher.

The technology-heavy Nasdaq Composite fell 2.15% to 25,137.69, recording the steepest decline among the major US benchmarks. The S&P 500 dropped 1.21% to 7,408.30, while the Dow Jones Industrial Average lost 506.93 points, or 0.97%, to 51,711.65.

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Tim Clark

Tim Clark is a Senior Geopolitical Analyst for The Ledger Asia, specializing in the intersection of international relations and market stability. With over a decade of experience, Tim provides deep-dive insights into Indo-Pacific security, global supply chain resilience, and the strategic competition between major powers.

Previously a consultant for leading international think tanks, he focuses on how shifting diplomatic landscapes and maritime disputes impact corporate governance and trade policy. At The Ledger Asia, Tim’s analysis equips readers with the clarity needed to navigate the complex regulatory and economic environments of Southeast Asia and beyond.

Wall Street Slides as AI Spending Concerns Deepen and Oil Surges Above US$100

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