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After staying flat as the U.S.-Iran war heated up again, equities tumbled on Thursday after oil prices crossed $100 per barrel.
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Oil prices leap to $100 a barrel after attacks in Red Sea The Washington PostLive updates: Oil tops $100 a barrel as Red Sea attacks mark new escalation in Iran conflict CNNBrent crude crosses $100 after tankers reportedly struck off Saudi Arabia CNBCStocks Fall on AI Jitters as Oil Lifts Bond Yields: Markets Wrap Bloomberg.comE
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Alphabet's cash burn raises alarm for Big Tech as AI spending climbs ReutersGoogle's extreme AI capex spending plans trigger a technical warning on the stock price Yahoo FinanceGoogle just had its first negative cash flow quarter ever due to massive AI spending Ars TechnicaThe Metric Spooking Investors in Tesla's and Google's Earnings WSJ
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More than 200 years of data show stocks typically gain in August, while market volatility sits well below average.
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American Airlines further cut its 2026 earnings outlook, citing higher fuel costs.
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