Investor concerns have crept into other parts of the market, especially as the deadline for the US debt ceiling approaches. Fitch posted the US triple-A credit rating to negative late Wednesday, citing “increased political partisanship” around the debt limit.
Stock indices gained the most. The Nasdaq Composite rose 1.7%, while the S&P 500 added 0.7%. The Dow fell 0.3%.
US Treasury yields rose. The yield on the benchmark 10-year US Treasury Note rose to 3.752% from 3.717% on Wednesday. The two-year rate rose from 4.343% to 4.442%.
Stocks tied to the AI frenzy rose. Chipmaker Advanced Micro Devices gained 10%. US certificates from Taiwan Semiconductor Manufacturing Co., maker of Nvidia chips, rose 8.8%.
Oil prices retreated after Brent crude reached its highest settlement value since early May on Wednesday. Brent futures fell 2.2% to $76.49 a barrel.
Foreign indices were mixed. The Stoxx Europe 600 gained 0.1%, while indices in Asia fell mainly. The Hong Kong Hang Seng was down 1.9% and the Shanghai Composite was down 0.1%. Japan’s Nikkei 225, on the other hand, gained 0.4%.
Watch data: Gross domestic product in the first quarter was revised upwards to an annual growth rate of 1.3%. Meanwhile, claims for unemployment benefits rose slightly last week but remained at an all-time low.