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Wall St wobbles as rising oil and Treasury yields stoke investor unease
Wall Street’s main indexes slipped on Tuesday, dragged down by higher crude prices, elevated Treasury yields and an uncertain outlook for AI demand that kept investors at bay. Chipmakers rose after a selloff on Monday, with Nvidia advancing marginally. But sentiment toward other Big Tech stocks was mixed, as Alphabet, Amazon and Microsoft fell more than 1% each. The latest bout of anxiety was driven by calls from top AI companies to slow the development of the technology, citing safety concerns. While there is little clarity so far on how such a slowdown would work, the declines have added to ...
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