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U.S. stocks were mixed Monday as AI hardware shares sold off and cyber names gained after weekend remarks from Anthropic, OpenAI and xAI leaders calling for a slower pace of model development. The 10-year Treasury yield briefly touched 5% and WTI crude rose 2.4% to $102.43.
The Nasdaq 100 fell 1.7% as 30-year Treasury yields held at 5.30% and rate-hike bets eased, while the optical and AI-hardware complex sold off sharply.
U.S. stocks were mostly lower by midday Monday, while the New York Fed’s Empire State Manufacturing Index rose to 20.6 in August from 15.6, above the 11 consensus.
The Nasdaq 100 officially slipped into correction territory on Tuesday, falling more than 10% from its early June record high as the AI-driven sell-off deepened on mounting concerns over rising competition from China. The memory sector has been at the heart of July’s rout. SanDisk Corp. (NASDAQ: SNDK ) — the S&P 500’s
GLW down pm
The Nasdaq 100 falls 0.6% as a chip rout and AI-infrastructure unwind drag US equities into mixed territory
The Nasdaq 100 sinks 2.4% as a global sell-off in semiconductor shares hammers the index, while the Dow Jones edges up 0.2%.
RDGT leads premarket upside movers, while NXTS leads downside movers