US Stocks Tumble Amid Rising Oil Prices and AI Concerns
The US stock market experienced a mixed day on Monday, as oil prices rose and the 10-year Treasury yield briefly surpassed 5%.
Oil remained above $100 per barrel, leading to a decline in semiconductor stocks such as Micron, Nvidia, and Broadcom.
The S&P 500 and Dow-30 indices also fell, while the Nasdaq Composite shed 0.6% of its value, closing at 26,186.41.