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Business & Finance

Stocks Fall on AI Fears as 10-Year Yield Hits 5%

Key Points

A rout in chipmakers dragged down stocks as leaders of artificial-intelligence giants called for a development slowdown, with the market also hit by a rally in oil that lifted Treasury 10-year yields to 5%. Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets, gives her equity call amid the chip rout and energy price concerns.

A rout in chipmakers dragged down stocks as leaders of artificial-intelligence giants called for a development slowdown, with the market also hit by a rally in oil that lifted Treasury 10-year yields to 5%. Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets, gives her equity call amid the chip rout and energy price concerns. (Source: Bloomberg)
Treasury (ORG) Lori Calvasina (PERSON) US (LOCATION) RBC Capital Markets (ORG) Bloomberg (PERSON)
Originally published by Bloomberg Technology Read original →