Wall Street slips as tech sell-off deepens

U.S. stocks fell Friday as another sell-off in big technology companies weighed on the market, with the S&P 500 down 1.1 percent and the Nasdaq composite dropping 2.1 percent. Weakness in AI-related stocks dragged the tech-heavy index toward its first weekly loss in five weeks, with Micron Technology falling 4.1 percent, Advanced Micro Devices dropping 5.1 percent, and Intel losing 4.7 percent. Investors worry these companies may struggle to finance heavy spending as bond yields climb. The 10-year Treasury yield held at 5.10 percent, while oil prices rose with Brent crude up 3.1 percent to $109.21 per barrel. Financial stocks gained, and traders now see a 74.3 percent chance of a Federal Reserve rate increase in December.