Stocks fall as yields and oil stoke inflation fears
U.S. stocks fell Thursday as higher bond yields and rising oil prices revived inflation concerns and interrupted the AI-led rally. The report also noted mixed stock moves tied to Intel, Chipotle, Starbucks, Wolfspeed, Applied Digital, Palantir, SpaceX, PepsiCo, Levi Strauss and Haemonetics.
By George Glover, Mariapaula Gonzalez, and Ty Roush Stocks fell Thursday as climbing bond yields and higher oil costs spurred inflation fears, halting an artificial-intelligence-led rally. 4%. 4%. Chipotle rose 6% and was the top-performing stock in the S&P 500 during the session following a report that Starbucks had looked into a possible takeover of the burrito chain.
3%. 6% after it landed a financing deal with the Pentagon. S. Applied Digital dropped 1%.
The data-center operator reported a narrower first-quarter loss than analysts were expecting, as the AI boom helped its revenue to surge 322% from a year ago. 01. Goldman Sachs upgraded shares to Buy from Neutral with a $230 price target, saying that Palantir's total addressable market is poised to grow. 12.
3% as investors considered the expansion of its Starlink satellite broadband service in India. CEO Elon Musk blamed certain oligarchs in India for trying to maintain a "monopolistic chokehold on the Indian people," he said in a social post Wednesday. 1%. The snacks and soda maker's earnings for the fiscal third quarter beat Wall Street's estimates, but the company cut its fiscal 2027 guidance, citing inflationary pressures.
5%, having previously guided for growth at the low end of 5% to 7%. Levi Strauss dropped 3% after the denim maker beat third-quarter earnings estimates and raised its full-year outlook, though a sizable portion of the profit growth came from tariff refunds. Haemonetics Corp. S.
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