Stocks Slump on AI Slowdown Fears and Rising Bond Yields and Crude Prices

The S&P 500 Index ($SPX) (SPY) is down by -0.83% today, the Dow Jones Industrial Average ($DOWI) (DIA) is down by -0.53%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -1.39%. E-mini S&P futures (ESU26) are down -0.80%, and September E-mini Nasdaq futures (NQU26) are down -1.31%. Stock indexes are tumbling today, with the Nasdaq 100 falling to a 6-week low. Weakness in chipmakers and AI-infrastructure stocks are driving the broader market lower today after leaders of the biggest artificial-intelligence firms proposed slowing the technology's development, raising concerns that efforts to rein in AI could curb billions of dollars in capital spending to build out the technology.