US Stocks Fall on AI and Oil Concerns as Airlines Report Earnings

A CNBC market update examines a broad sell-off in U.S. equities driven by renewed concerns over artificial intelligence spending and higher oil prices. It also reviews quarterly results from American Airlines and Southwest Airlines and the latest U.S. jobless claims data.

■ Market sell-off
- S&P 500 and Nasdaq declines
- Dow Jones modest move

■ Oil prices and airline earnings
- Crude oil rise
- American Airlines quarterly loss and fuel costs
- Southwest earnings and margin outlook

■ AI-related spending and labor data
- Meta capital expenditure plans unchanged
- Tesla lower spending plans
- Initial jobless claims fall

Viewers seeking a concise summary of the day’s U.S. market drivers and corporate earnings commentary will find the key developments outlined. It provides context on how energy costs and AI investment news are affecting investor sentiment and airline performance.