Stock Market Today: Nasdaq Slides as Oil Shock Sends Treasury Yields Higher, Hitting AI Rally
Stocks slipped on Friday, with the Nasdaq under the most pressure as surging oil and higher Treasury yields threatened the AI-fueled surge from earlier this week. By late morning, the Dow Jones Industrial Average lost 0.82% to 49,652.90, the S&P 500 retreated 0.80% to 7,441.37, and the Nasdaq Composite tumbled 1.25% to 26,303.15.