Bonds & Stocks
Renewed selling in chipmakers dragged down stocks as the dismal debut of a South Korean data center firm revived concerns about the artificial intelligence trade. The S&P 500 fell 0.2%. The yield on 10-year Treasuries declined four basis points to 5.10%.
Economy
The AI sector is experiencing a sharp reversal from the broad-based pile in of recent years, with global markets being more selective and demanding with AI bets, and investors becoming more wary of companies depending heavily on future revenues.
World
Alberta residents rejected the idea of separating from Canada, a victory for Prime Minister Mark Carney after a historic referendum campaign that created divisions in the country’s energy heartland.