AI Stock Selloff Deepens as 30-Year Treasury Yield Hits 19-Year High

Wall Street extends slide as AI chip selloff, 19-year-high yields bite The S&P 500 fell 0.7% to 7,691.76 and the Nasdaq sank 1.3% to 26,289.71, a third straight loss since Thursday's record. Micron dropped about 7%, Sandisk 9% and Nvidia 2.3% as the 30-year Treasury yield hit its highest since 2007, with Fed minutes due Wednesday. 123456

Oil tops $91 as US-Iran ceasefire expires, Trump threatens Oman Brent crude climbed above $90 a barrel for the first time since July 30 and WTI rose to about $85 as hopes faded for a deal. Trump said there are no talks with Iran and threatened to bomb Oman if it interferes with reopening the Strait of Hormuz. 3789

30-year Treasury yield at 19-year high pushes mortgage rates up The 30-year Treasury yield hit 5.323%, its highest since 2007, lifting the average 30-year fixed mortgage to 6.75%. With July inflation at 3.4%, higher long-term yields threaten to raise costs on mortgages, auto loans and credit cards. 91011

Home Depot posts strong Q2 profit but keeps 2026 guidance unchanged The home-improvement retailer delivered a strong second-quarter profit but left its full-year outlook unchanged, citing a housing market slump. The report comes as 30-year mortgage rates hover near 6.75%. 12

Nvidia commits over $100 billion in credit support for OpenAI data center Nvidia will provide more than $100 billion in credit support for an OpenAI data center project in Ohio and invest $1.5 billion in developer SB Energy. Shares still fell about 2% as the broader AI trade weakened. 13

Keysight Q3 revenue hits $1.85 billion, net income $397 million Keysight Technologies reported third-quarter revenue of $1.85 billion and net income of $397 million. The results add to a busy earnings week as investors watch for signs on tech spending. 14