US open: hot PPI but 10Y yield fell as AI stocks sold off
The short answer
Hot PPI, yet the 10Y fell 15bp to 5.04%. Reuters: the AI selloff is pushing investors back into bonds.
Key figures (as reported)
- NQ -1.2% (-377 pts, ~$750/MNQ)
- ES -0.4%
- Dow +0.1%
- CoreWeave $CRWV -9.2%, Dell -10.5%, TSMC -5.1% despite record profit.
Sources
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