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AI stocks tumble as investors question how much spending, borrowing and optimism the sector can still sustain. Investors rush back into government bonds as expectations for a December Fed rate hike fade. And oil climbs above $114 a barrel as reports suggest the US and Israel could be preparing new strikes on Iran.
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Today’s recommended read: Will the US Treasury scrap 20-year bond sales? by Jamie McGeever
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📲 Podcasts, breaking news, and video analysis from the source. Download the Reuters app here.
Today’s recommended read: Will the US Treasury scrap 20-year bond sales? by Jamie McGeever
Subscribe to Mike Dolan's Morning Bid newsletter and check out his columns on Reuters Open Interest.
Produced by Abisoye Osundairo.
Sound engineering and music by Sebastian and Josh Sommer.
Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices.
You may also visit megaphone.fm/adchoices to opt out of targeted advertising.
Learn more about your ad choices. Visit megaphone.fm/adchoices