US stock markets fall after fresh inflation data surprises to the upside, lifting Treasury yields and prompting investors to reassess the balance between equities and bonds. The S&P 500 drops about 1.1% and the Nasdaq falls around 1.6%, with borrowing-cost concerns cited as a key driver of the move.
Across other markets, reactions vary as investors navigate uncertainty around the artificial intelligence investment cycle. Some reports describe pressure on tech shares and “AI jitters,” while others note stabilisation in parts of the AI-linked sector. In Asia, tech-heavy indexes slide amid worries that higher rates could undermine the returns of large AI infrastructure projects, even as market participants watch for signs that spending is delivering.
Outside equities, oil prices ease. One outlet reports oil down and notes a boost for European stocks linked to lower prices, while another says Brent settles lower. Investors also look ahead to further US corporate earnings for confirmation on whether major technology firms can justify their capital spending plans.
