Google is trading 3.35% down at $343.93 after a French press association representing nearly 300 newspapers filed an antitrust complaint over AI Overviews.
- Reuters reported that French regulators estimate publisher-site traffic has fallen 33%-38% because of AI summaries.
- Broader technology-stock weakness is pressuring the Nasdaq Composite, down 0.73%.
- Regulatory and monetization risk around Google's AI search strategy, higher oil prices, geopolitical uncertainty, and caution ahead of August 12 CPI report are weighing on risk appetite.