India, July 8 -- On Wednesday, Wall Street slowed its pace of growth as the tensions between the nations were balanced out by the growing strength of artificial intelligence shares. Crude oil prices spiked amid new events in the Middle East, which forced investors to opt for more defensive industries, resulting in a fall in the DJIA with help from tech stocks.

DJIA dropped 578.30 points or 1.09%, to end at 52,346.85 while S&P 500 was down 37.40 points or 0.50%, at 7,466.70 and Nasdaq Composite managed to beat its rivals, declining only by 0.34% to 25,729.85 due to recovery of semiconductor and AI firms after their recent profit taking. Rising oil prices, strengthened US dollar, increasing US Treasuries yields and the expectations about F...