US Stocks End Lower, Treasury Yields Slide Amid Revived Valuation Concerns

GLOBAL MARKET - NEW YORK. Wall Street reversed early gains on Thursday as a mixed employment report diminished hopes for further easing by the Federal Reserve this year and as worries resurfaced over inflated tech valuations, unassuaged by Nvidia's better-than-expected earnings report.

All three major U.S. stock indexes closed sharply lower, with weakness in artificial intelligence-related momentum stocks dragging the tech-heavy Nasdaq down the most. Benchmark Treasury yields dipped and bitcoin tumbled, offering further signs of market participants' souring risk appetite.