Wall Street Declines Amid AI Worries, VIX Surges 15%: Market Movers for Friday

Market Overview: Wall Street experienced a significant downturn, with major indices like the Nasdaq 100 and S&P 500 falling due to a tech-led sell-off, particularly affecting stocks like Broadcom and Oracle.

Oracle's Struggles: Oracle's shares plummeted nearly 17% over two days following concerns about increased data center spending and delays in cash flow generation, exacerbated by reports of postponed data center timelines related to OpenAI.

Rising Treasury Yields: The 30-year Treasury yield reached its highest level since early September, contributing to market pressure and influencing Federal Reserve officials' cautious stance on interest rate cuts.

Commodity and Crypto Declines: Commodities like silver and copper saw declines, while cryptocurrencies also faced losses, with Bitcoin and Ethereum dropping significantly.