U.S. markets closed lower as the #Nasdaq dropped 2.6%, its sharpest decline since June, on renewed concerns over AI capital spending.

Tech and AI-linked stocks led the selloff after investors questioned the scale and returns of large infrastructure commitments. At the same time, oil prices surged, with Brent climbing above $113, as geopolitical tensions involving Iran intensified.

The session highlighted a shift in focus from AI growth optimism toward financing capacity and broader risk appetite.

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