An AI-hardware rout sank the Nasdaq 100 2.90% and dragged the S&P 500 down 1.21%, yet two of three S&P stocks rose. Lam Research fell 11.76% and GE Vernova lost 10.64%. Treasuries caught a haven bid, cutting the 10-year yield 17.2 bps to 4.951%. Brent jumped 3.73% to $112.88, its highest close since May 4, after Houthi strikes on Saudi targets. Trump invoked the Defense Production Act for domestic oil. Moderna sank 17.57% on leaked Phase 3 melanoma data.
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