Stock market today: Dow, S&P 500, Nasdaq futures fall as Anthropic's AI warning spooks tech traders, oil prices jump

Grace O'DonnellMon, September 14, 2026 at 8:05 AM UTC

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US stock futures sank on Monday morning after the two leading frontier artificial intelligence companies called for an industrywide slowdown of AI development, sending tech stocks tumbling. Rising oil prices and an upcoming Fed meeting this week also put pressure on stocks.

Futures on the tech-heavy Nasdaq-100 (NQ=F) fell 1.6%, led by losses in chip stocks, including Nvidia (NVDA). Futures on the Dow Jones Industrial Average (YM=F) fell 0.2%, while those on the S&P 500 (ES=F) declined by 0.7%. In Asia, shares of memory chip makers SK Hynix (SKHY) and Samsung (005930.KS) dropped.

Tech stocks were poised to fall after Anthropic (ANTH.PVT) CEO Dario Amodei wrote a 3,800-word essay over the weekend, arguing that AI companies should slow the pace of improving AI models in order to address safety concerns. Sam Altman, the CEO of rival AI lab OpenAI (OPAI.PVT), agreed in a post on X, putting the two AI companies at odds with Wall Street, which has banked on a brisk pace of improvement.

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Worries about AI safety also led OpenAI to delay its initial public offering until 2027, Altman told Fortune. Anthropic still plans to list in the fall and has reportedly chosen the Nasdaq for its highly anticipated IPO.

Oil prices, meanwhile, continued to climb after Saudi Arabia shut down a key pipeline in the Middle East and as the war in the Middle East spread. Brent crude (BZ=F) traded near $108 per barrel.

That sets the stage for the Federal Reserve's policy meeting on Wednesday. Trader bets of a Fed rate hike spiked to 86% following Friday's consumer inflation report, creating a consensus even as Fed Chairman Kevin Warsh has emphasized that he will not provide forward guidance about the Fed policymaking.

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Source: “AOL Money”