What the market needs to branch out beyond AI stocks. Plus, a win for CrowdStrike

Stocks slid Monday as oil prices and interest rates kept pressuring markets, with WTI crude briefly rebounding to $95 a barrel after President Donald Trump rejected an Iranian proposal to reopen the Strait of Hormuz. Reuters reported separate talks could involve Qatari mediators as early as Monday or Tuesday, while reports said Trump may ease Iran sanctions if progress continues on Tehran’s nuclear program. U.S. bond stress also deepened: the 10-year Treasury yield hit a recent high of 5.27%, extending moves last week that pushed it above 5% for the first time since 2023. The S&P 500 is up about 1% over that stretch, but gains are narrow and concentrated in AI. Separately, the DOJ closed its investigation into CrowdStrike deals with Carahsoft without further action.