GLOBAL MARKETS-Stocks Drop as AI Exuberance Worries Linger; US Yields Jump

GLOBAL MARKET - NEW YORK. Major stock indexes were down sharply on Friday, with technology-related shares falling again as investors were wary of artificial intelligence bets, while the dollar and U.S. Treasury yields edged higher after recent losses.

Cloud computing company Oracle earlier this week flagged massive spending and weak forecasts. A warning about margins from chipmaker Broadcom late on Thursday added to the concerns. Technology was down 2.6%, the most among major S&P 500 sectors.