S&P and Nasdaq fall amid earnings, Middle East tensions

U.S. stock indices, such as the S&P 500 and Nasdaq, declined during Friday’s trading session, with observers anticipating weekly losses amid rising concerns over the cost of AI investments, as well as prospects of escalation in the Middle East and the imposition of new tariffs. Despite positive results for Intel and expectations of higher-than-anticipated profits and revenues, the company's stock dropped by 3.8%, pressured by fears over high spending on artificial intelligence, which also led to increased capital expenditures among major tech firms. Geopolitical tensions intensified after American missile strikes targeted Iranian sites, and oil prices rose above $100 per barrel, fueling forecasts of an escalating global economic crisis, especially with the possibility of the Federal Reserve raising interest rates to around 33% at its upcoming meeting.

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