Oil Shock Meets AI Doubts: S&P Sheds 1.2% as VIX Spikes to a Multi-Week High
Stocks sold off sharply as crude oil spiked back above $100 on renewed Middle East supply fears and AI-spending doubts hit mega-cap tech. The S&P 500 fell 1.2% to 7,408.30, the Nasdaq dropped 2.2%, and the VIX jumped 12.4% to 18.70 heading into a packed earnings week.