AI stocks drop, but the rest of Wall Street holds steadier
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 sent the yield of the 10-year Treasury to 5% for the bond market’s latest pressure-raising milestone. Despite all the downers for Wall Street, gains for many stocks outside AI helped limit the market’s losses. So did a midday tempering of oil prices, and the S&P 500 fell a relatively modest 0.5%. More stocks rose within the index than fell. The Dow Jones Industrial Average ...