U.S. Defensive Sectors Lead as AI Stocks Extend Thursday’s Selloff

U.S. equities shifted toward defensive groups Thursday as another wave of selling hit AI-linked shares, while lower bond yields pointed to a flight to safety despite rising oil prices. Health care and consumer staples led the S&P 500’s sectors, contrasting with weakness in chip and AI infrastructure stocks. Johnson & Johnson rose more than 2%, erasing its post-earnings decline, while Kimberly-Clark extended its gains. Procter & Gamble also reported a solid quarter. Bond yields fell despite higher oil prices, a pattern consistent with investors seeking safer assets. The pullback came amid concerns about AI funding needs .

Source: TokenPost