Nasdaq and S&P 500 slide as new AI rules rattle tech stocks

The Nasdaq and S&P 500 fell Monday morning as a continued selloff in tech stocks extended losses sparked by stronger-than-expected job reports.

Shortly after the market opened, the Dow Jones Industrial Average added 0.08%, while the Nasdaq and S&P 500 dropped 1.6% and 0.8%, respectively. Meanwhile, the 10-year Treasury yield climbed to a fresh high of 4.77% in the morning. Oil…