Oil Spike and Alphabet's AI Reckoning Send Stocks Lower as Hormuz Fears Deepen
Stocks slipped as Brent crude neared $90 on Strait of Hormuz fears and Alphabet's AI-spending concerns dragged tech lower. S&P 500 -0.32%, Nasdaq -0.60%, Dow -0.34%; VIX jumped to 15.46 and the 10-year yield rose to 4.73% ahead of tomorrow's CPI print.