From Seattletimes · · 1m 30s
Wall Street Steady as AI Stocks Swing
AI stocks swing amid Wall Street gains, with S&P 500 rising 0.2% as debt worries mount.
In brief
AI stocks swing amid Wall Street gains, with S&P 500 rising 0.2% as debt worries mount. Most U.S. stocks rose Thursday as Wall Street steadied, despite AI stocks swinging due to debt concerns and high bond yields. Originally reported by Seattletimes.
Wall Street Steady
Most U.S. stocks rose Thursday as Wall Street steadied, with the S&P 500 up 0.2% after erasing a morning loss.
AI Stocks Swing
AI stocks kept swinging sharply on worries about how long the AI frenzy will last, dragging the Nasdaq down 0.2%.
Global Market Drops
AI stock sell-offs sent South Korea’s Kospi down 7.6% and Japan’s Nikkei 225 down 4.9% before the S&P 500 dropped early Thursday.
Debt Worries Grow
CoreWeave, which has $4.41 billion in principal payments by year-end, fell 9.5% as debt concerns intensified.
Bond Yields Rise
Treasury yields hit their highest levels in years, making borrowing more expensive and raising debt worries for AI companies.
Nvidia Falls
Nvidia, the AI chip company, dropped 1.7% and was the heaviest weight on the S&P 500 after a 1,415% gain since 2022.
Market Stabilizes
AI stock losses moderated as the day progressed, helping broad U.S. indexes steady with seven out of ten S&P 500 stocks rising.
Treasury Yields Drop
The 10-year Treasury yield fell to 5.08% from 5.19% as investors sought safer bonds amid economic uncertainty.
At a glance
Most U.S. stocks rose Thursday as Wall Street steadied, despite AI stocks swinging due to debt concerns and high bond yields.
