U.S. stocks closed lower on Monday as concerns about the pace and safety of artificial intelligence weighed on technology shares. The S&P 500 fell 0.6%, the Nasdaq Composite lost 0.9%, and the Dow slipped 160 points. Chipmakers led the declines, with Nvidia and Broadcom down 3% each, while AMD and Intel fell 5% apiece and Marvell dropped 6%. Oil prices rose sharply, with WTI up 3% above $103 a barrel and Brent gaining 4.5% above $109.

Nasdaq futures fell nearly 400 points following recent AI-related developments, while Dow futures slipped about 150 to 200 points and S&P 500 futures declined 40 points. Oil prices climbed after Saudi Arabia shut a key East-West pipeline following attacks, sending Brent up 3% to $108 a barrel and pushing WTI close to $103. On the macro front, the U.S. August core CPI rose 0.3% month-on-month, above expectations of 0.2%, while the annual CPI increased 3.4% in line with forecasts.

The Dow fell 300 points on Thursday, taking its four-session decline to more than 1,600 points, while the S&P 500 and Nasdaq each dropped 0.6%. Brent crude rose above $107 a barrel and WTI topped $100 as markets worried about a prolonged war between the US and Iran. US Treasuries sold off broadly, with the 10-year yield rising to 4.96%, the highest since November 2023, and the 30-year yield nearing 5.4%, a level not seen since 2007.

Dell Technologies shares climbed to a record $538.47 on September 9, extending a rally fueled by sustained demand for AI infrastructure. The stock has risen 18.8% this month and is up 326% year-to-date. Dell reported commercial revenue growth of 22%, marking the eighth straight quarter of expansion. The company is also set to issue $5 billion in bonds with orders reaching $23 billion and will join the S&P 100 on September 21.

The US military said it destroyed five Iranian crude oil tankers near Kharg Island after Iran’s Revolutionary Guard Corps targeted a US Navy warship twice with ballistic missiles over two days. Brent crude climbed and approached the $100-per-barrel level as investors weighed the risk of further disruption in the Strait of Hormuz. In China, consumer inflation rose for the first time since April, while factory-gate prices increased more than expected, driven by higher food and energy costs. GrafTech International said it will raise graphite electrode prices by at least 30%, sending its shares up 15%.

Copper on the London Metal Exchange hit a record $14,533 per tonne, taking its gain to 17% over the past year. The move has been driven by expectations of US tariffs on refined copper imports, a buildup of US inventories, and long-term demand growth from data centres, renewables, power grids and electric vehicles. Goldman Sachs had forecast $11,200 per tonne for the fourth quarter of 2026 and Deutsche Bank had expected a $12,125 per tonne average for the year, but prices have risen well beyond those levels.

Derivatives turnover on India’s National Stock Exchange fell to an 18-month low, while economist Neelkanth Mishra said GDP data cannot be manipulated. Dell Technologies has more than tripled in 2026 on optimism over AI-infrastructure demand, and Snowflake surged 22% in after-hours trading after beating estimates and raising guidance. PayPal cut about 600 jobs in India as part of a global restructuring, and Jefferies initiated coverage of Welspun Corp with a target price implying about 29% upside.

Milky Mist Dairy Food reported a 829% year-on-year surge in Q1 net profit to ₹65 crore, while revenue rose 43.6% to ₹973.4 crore. EBITDA increased 77% to ₹143.8 crore and the EBITDA margin expanded to 15% from 12%. Growth was broad-based across categories, led by yogurt revenue up 153% and ice cream up 60%, while cheese rose 38%, paneer rose 34% and curd increased 27%. Paneer remained the company’s largest revenue contributor.

MSCI’s standard index is set for its regular rebalancing, with Eternal’s weight expected to increase. The change is projected to draw about $674 million of passive inflows tied to roughly 205 million shares. Four other stocks—Laurus Labs, Adani Energy, Lenskart Solutons and Groww parent Billionbrains Garage Ventures—are also being added to the index.