A selloff in AI stocks accelerated after a fresh batch of quarterly results, with investors seeking a safe place to park their cash, pushing Treasury yields to multiweek lows. The tech-heavy selloff erased billions in market value across leading AI companies, triggering risk-off sentiment across global markets. Investors rotated out of growth stocks into Treasuries and cash equivalents as economic uncertainty mounted.
The bond market rallied, with 10-year yields dropping to their lowest levels in weeks.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing