Market Tug-of-War Amid AI Volatility | Anchorage News

Markets wobbled yesterday as big tech stocks dragged the S&P 500 into its eighth losing session in eleven days, but a surprise earnings boost from General Mills—plus a cost-cutting plan—sent its shares soaring 8%. Meanwhile, a softer-than-expected manufacturing report eased inflation fears, calming the Fed’s rate-hiking outlook and pulling Treasury yields back. Kroger’s $1.25B cash deal for Giant Eagle and Nike’s turnaround momentum also turned early losses into gains. Gold rebounded on the yield retreat, while oil prices tumbled on hopes of easing Middle East tensions. Overseas, Asia split: South Korea’s Kospi tumbled 2% despite AI-driven gains, while Japan’s Nikkei rose on a yen’s 40-year low against the dollar. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/26ad90c7ed483ad4