AI Doubts Sink S&P 500, Nasdaq; Yields Fall — SkimNews
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- S&P 500 and Nasdaq ended sharply lower as revived AI doubts ignited a technology-stock selloff.
- Treasurys drew a flight of buyers as the tech selloff deepened, driving yields lower, while sharp AI-stock drops overwhelmed markets worldwide and oil prices jumped.
Why it matters: Tech-stock investors lost ground as the two named benchmarks, the S&P 500 and Nasdaq, ended lower, while Treasurys attracted buyers and yields fell. The concurrent jump in oil and pressure across global markets show that the selling extended beyond technology shares.
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