📰 Curated from Associated Press
📖 Read full article→AI stocks drop, but the rest of Wall Street holds steadier after oil prices give back an early jump - AP News
Business and EconomyBy Stan Choe9/14/20261 min read
AI stocks slid worldwide after leaders of the industry warned a slowdown is needed for the safety of humanity. Another climb in oil prices, meanwhile, briefly sent the yield on the 10-year Treasury to 5% on Monday for the first time since 2023. Despite all th…
✨ Key Highlights
- AI stocks fell worldwide on Monday after industry leaders cautioned that a slowdown in the sector is needed to safeguard humanity.
- A renewed climb in oil prices briefly pushed the yield on the 10-year Treasury to 5% for the first time since 2023.
- The oil price surge later eased, with prices giving back much of their early gains during the session.
- Despite the pressure on AI-related shares, the broader Wall Street market held relatively steady rather than experiencing a widespread decline.
- The mix of a pullback in high-flying AI names and volatility in oil and bond markets highlighted investor caution around both technology valuations and interest rate levels.
NEW YORK (AP) Artificial-intelligence stocks slid worldwide Monday after leaders of the industry warned a slowdown is needed for the safety of humanity. Another jump in oil prices, meanwhile, briefly