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US stocks fluctuate amid rising 24-year high bond yields
The U.S. stocks temporarily declined due to rising yields on long-term Treasury bonds, with the 30-year bond yield reaching 5.62%, the highest level since 2002. This pressure led to the postponement of the launch of Orara Health Technologies. Despite the slight decline, markets remained cautious amid concerns about the artificial intelligence sector, as a draft leak of the antropic company’s planned $2 trillion valuation surfaced, accompanied by warnings of existential risks and a freeze on the rollout of its flagship model due to safety concerns. Oil prices edged down slightly, as Saudi Arabia resumed exports via the East-West pipeline, amid anticipation of economic earnings results and signals of a slowing global economy.
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