Tech Stocks

Wall Street has closed its fifth consecutive losing week, the longest sustained decline since the Iran war began, as the Dow, S&P 500, and Nasdaq all hit year lows amid mounting inflation concerns.

Microsoft is on track for its worst quarter since 2008 as investor concerns about artificial intelligence disruption weigh heavily on the technology giant's stock, with AI startups like Anthropic and OpenAI threatening to replace Microsoft's software products.