More swings for AI stocks pull Wall Street back | Arkansas Democrat Gazette

More swings for AI stocks pull Wall Street back after a volatile session, with the S&P 500 slipping 0.3% and the Nasdaq falling about 1% following intraday reversals in chips and memory. Micron Technology swung from a 4% gain to a 10% drop, finishing down 1.4% after a day that saw a 9.9% jump previously and a 13.3% plunge the day before. Marvell Technology fell 7.6% and AMD dropped 3% as AI winners retraced gains. OpenAI filed confidential paperwork for an IPO, and SpaceX was reported to be preparing an offering later this week. Brent crude settled near $91.45 a barrel as oil prices remained volatile amid talk of a possible Hormuz Strait reopening. US Treasury yields drifted lower on the oil pullback, while investors awaited upcoming inflation data and possible Federal Reserve moves.