Bonds & Stocks
Another burst of heavy selling pummeled chipmakers, deepening this week’s losses in stocks on concerns over whether vast investments in artificial intelligence will justify the industry’s hefty valuations. The S&P 500 fell 0.6%. The yield on 10-year Treasuries was little changed at 4.39%.
Economy
An attack on a container vessel sailing through the Strait of Hormuz has prompted some shipowners to review exit plans, but traffic continued to flow in both directions through the vital thoroughfare on Friday.
World
The death toll from twin earthquakes that rocked Venezuela rose to at least 589 with nearly 3,000 more injured, as rescue teams desperately clear away rubble to reach trapped victims.