Bonds & Stocks
Wall Street got a reality check after a selloff in the world’s largest technology companies fueled concern the artificial intelligence frenzy that has powered the bull market might be overblown. The S&P 500 fell 1.5%. The yield on 10-year Treasuries declined three basis points to 4.48%.
Economy
Alan Greenspan, the US Federal Reserve chair who dominated global markets in the late 20th century only to see his legacy tarnished by the financial crash, has died at the age of 100.
World
The US issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two adversaries continued talks for a permanent peace deal.