The U.S. market is behaving like a seesaw, with artificial-intelligence-related stocks on one side and the rest of the market on the other. The artificial-intelligence trade is under pressure, with CNN’s Fear & Greed index signaling fear and the 10-year Treasury yield recording its biggest daily drop since the collapse of Silicon Valley Bank. On Thursday, the S&P 500 fell by more than 1%, its worst performance since July. Yet more than 300 individual stocks in the index finished higher, producing the most dramatic divergence between the index and its component stocks since January 2025, according to Dow Jones Market Data.
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