AI stocks faltered globally as investors sought the perceived safety of Treasurys. Renewed selling in French government bonds and a fresh surge in oil prices further strained financial markets, compounding concerns surrounding the technology sector.
The decline reflects a broader shift in investor sentiment toward relatively safe assets. While investors moved toward Treasurys, pressure in the French government bond market and rising energy costs added to market volatility. The combination of disappointing earnings sentiment, bond-market stress and higher oil prices weighed on risk appetite across global markets.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing