Stock Market Dips Amid AI Fears, Rising Treasury Yields

The stock market was down on September 15 as investors were cautious about rising energy costs and artificial intelligence scaling pressures. The Dow Jones Industrial Average fell by 0.88% to 51,962, the Nasdaq Composite dropped 0.73% to 25,996, and the S&P 500 traded 0.45% lower at 7,586.

Gold was trading at $4,286.84, down 0.33%, while the 10-Year Treasury yield rose by 0.03% to 4.99%. Communication stocks were the top gainers for the day, with industrials and consumer cyclicals experiencing sharp declines.

Nvidia, Intel, and Micron Technology gained slightly as investors reassessed doomsday scenarios for artificial intelligence. However, cryptocurrency stocks including Coinbase Global and Robinhood Markets dropped ahead of a Senate vote on key legislation.