Futures Fall, AI Stocks Slide as Google I/O Begins
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- Futures fell as AI stocks continued to slide.
- Google I/O kicked off, marking the start of the company's developer conference.
- Dow, S&P 500, and Nasdaq dropped amid rising bond yields.
- Wall Street closed lower as inflation worries pushed up yields.
- U.S. stocks fell further from record highs after bond market pressure.
Why it matters: Investors in AI equities and broad market indices lose as yields climb, while bond investors gain from higher rates; higher yields pressure profit margins for tech companies.
