Global Markets Slide as Tech Rout Deepens, Yields and Dollar Edge Higher

Global markets fell sharply on Friday, led by heavy losses in tech as AI optimism faded. Oracle and Broadcom warnings hit sentiment, dragging the S&P 500 tech sector down 2.6%. Broadcom sank 12%, Oracle fell 4.6%, and Nvidia dropped 2.4%.

U.S. stocks closed lower:

• Dow -0.43%

• S&P 500 -1.05%

• Nasdaq -1.60%

U.S. Treasury yields and the dollar edged higher as Fed officials pushed back against further rate cuts despite rising jobless claims. The 10-year yield rose to 4.19%.

In commodities, copper plunged over 3% from record highs on renewed AI bubble fears, while oil prices eased slightly.

Global markets also slipped, with Europe’s STOXX 600 down 0.5% and sterling weakening after weak UK growth data.