S&P 500 Tops 7,600 as AI Fuels Nine-Day Win Streak

A renewed advance in oil sent stocks lower as bond yields rose on concern that an escalation of hostilities between the US and Iran will hinder prospects for a peace deal. As equities fell from all-time highs, the S&P 500 snapped a nine-day winning streak. Tech shares led losses, with a closely watched ETF tracking software firms dropping 3.5%. Dean Curnutt, founder at Macro Risk Advisors, discusses how the markets are reacting to geopolitical tensions and AI investment interest.