Stock Market Today: Nasdaq Slides as Oil Shock Sends Treasury Yields Higher, Hitting AI Rally
The Nasdaq fell 1.25% Friday as rising oil prices and Treasury yields pressured U.S. stocks, erasing part of this week’s AI-driven gains. Brent crude climbed 2.4% to $108.22 a barrel after U.S.-Iran tensions flared. April consumer prices rose 0.6%, while producer prices jumped 1.4%. Nvidia and AMD each dropped over 4%; Intel slid 6.8%.