Midday Need to Know: AI stocks plunge, treasury yields hit 5% & more

[The New York Stock Exchange on the Wall street sign] Dmitry Vinogradov Wall Street traded lower on Monday as investors weighed developments in the artificial intelligence space and monitored oil prices after a sharp rally. The blue-chip Dow (DJI [https://seekingalpha.com/symbol/DJI]) was last -0.1%, the benchmark S&P 500 (SP500 [https://seekingalpha.com/symbol/SP500#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]) was last -0.3%, and the tech-focused Nasdaq Composite (COMP:IND [https://seekingalpha.com/symbol/COMP:IND]) was last -0.4%.