US stocks close lower; Nasdaq sheds 345 points

Wall Street ended Thursday's session lower as technology stocks came under pressure following fresh details about OpenAI's weaker-than-expected revenue. This in turn raised investor concerns over the wave of investment in artificial intelligence (AI).

At the close, the Dow Jones Industrial Average edged up 0.10%, or 51 points, to 51,231.

Meanwhile, the broader S&P 500 fell 0.47%, or 36 points, to 7,765, while the Nasdaq Composite dropped 1.25%, or 345 points, to 27,193.

In Europe, the STOXX Europe 600 declined 0.75% to 625 points, marking its second consecutive session of losses.

The UK's FTSE 100 slipped 0.16% to 10,441, Germany's DAX lost 1.18% to 24,806, and France's CAC 40 fell 0.51% to 7,729.

In Japan, the Nikkei 225 dropped 1.42% to 69,042, while the broader TOPIX declined 1.51% to 4,091.

In oil markets, Brent crude futures for December delivery surged 4%, or $4.08, to $104.28 per barrel.

US West Texas Intermediate (WTI) crude futures for November delivery climbed 3.64%, or $3.21, to $91.49 per barrel.

In precious metals, gold futures for December delivery rose 0.9%, or $16.30, to $4,157 per ounce.

A selloff in AI-related stocks swept across Wall Street, while rising oil prices, inflation concerns and the prospect of tighter monetary policy weighed on investors' risk appetite.