Stocks Fall on AI Fears as 10-Year Yield Hits 5%

A rout in chipmakers dragged down stocks as leaders of artificial-intelligence giants called for a development slowdown, with the market also hit by a rally in oil that lifted Treasury 10-year yields to 5%. Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets, gives her equity call amid the chip rout and energy price concerns.