Highlights
Stocks slipped Thursday on a jump in oil prices and in bond yields and as technology stocks remained under pressure on the Nvidia affair. The Dow Jones industrial average, the S&P 500, and the Nasdaq all lost 0.4 percent. US Treasury yield rose again with rising oil prices and the dollar edged up too.
President Trump’s Truth Social post that the US no longer needs a deal with Iran sent oil prices and bond yields higher. On the tech/AI front, Nvidia continued to sell off along with many related AI stocks after Nvidia founder Jensen Huang was forced out. Still, the AI chipmaking leader recovered from the day’s worst levels as many analysts noted the company was still strong.
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