AI stocks slide as global markets retreat and oil hits five-month high

A selloff in AI stocks dragged global markets lower: the S&P 500 fell 1.3%, the Nasdaq 2.4%, with Nvidia down 4.3%, Meta 7.4% and Lam Research 11.1%. Brent crude rose 2.9% to $111.99 a barrel on worries over the war with Iran.

• S&P 500 fell 1.3%, Nasdaq 2.4%, Dow Jones 0.1%
• Nvidia dropped 4.3%, Meta 7.4%, Lam Research 11.1%
• Brent crude rose 2.9% to $111.99 a barrel
• 10-year Treasury yield fell to 4.98%