Chipmaker selloff coincides with 5% Treasury yield
A chipmaker rout pulled stocks lower as leaders of artificial-intelligence companies called for a slowdown in development, Bloomberg reported. The market was also pressured by higher oil prices, which lifted the Treasury 10-year yield to 5%, according to the report. RBC Capital Markets' U.S. equity strategist Lori Calvasina discussed the equity outlook amid the chip selloff and energy-price concerns.
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