U.S. stocks fell amid concerns about AI. Gold dropped to a one-month low
The yield on 10-year Treasuries fell for the first time in six trading sessions
Investors' fears that AI development might be artificially halted led to a drop in stock prices / Photo: X/NYSE
Major U.S. stock indices closed lower on Monday, September 14, although they recovered a significant portion of their losses compared to the opening level.
The S&P 500 broad-market index fell 0.48%, the Nasdaq Composite “tech” index lost 0.56%, the Nasdaq 100 fell 0.8%, and the blue-chip Dow Jones Industrial Average fell 0.29%. By way of comparison, however, the S&P 500 was down 0.8% at its intraday low, and the Nasdaq Composite was down 1.3%.
Stocks ended the trading session lower amid growing concerns about a slowdown in artificial intelligence spending and a resurgence in oil prices, according to MarketWatch. However, the major indices still ended the day well above their intraday lows after yields on U.S. Treasury bonds reversed course and fell—for the first time in six trading sessions, the publication notes. The yield on 10-year Treasuries rose above 5% on Monday for the first time since 2023, but then reversed course and ended the session down 1.4 basis points at 4.96%, the publication added.
At the same time, gold prices fell: futures prices dropped for the fourth time in six sessions—to their lowest level since August 6, according to MarketWatch.
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This article was AI-translated and verified by a human editor
