Ticker: AI stocks drop, but rest of Wall Street holds steady
AI stocks slid worldwide after leaders of the industry warned a slowdown is needed for the safety of humanity. Another climb in oil prices, meanwhile, briefly sent the yield on the 10-year Treasury to 5% on Monday for the first time since 2023. Despite all the downers, gains for many stocks outside AI helped limit Wall Street’s losses. The S&P 500 fell 0.5%. The Dow Jones Industrial Average dipped 0.3%, and the Nasdaq composite lost 0.6%. Brent crude’s price settled at $105.68 per barrel after nearing $110 in the morning. The afternoon’s retracement for oil prices pull the ...
