U.S. stocks are slipping again, this time after the country’s largest retailer reported profits that came up short of Wall Street’s expectations.

Nvidia stock is currently set to record its first two-week losing streak since April amid fears of an AI bubble.

"The corollary of rising long-term rates is a shockingly fast swing from equity 'cheapness' to unusual expensiveness. Goodbye to the post-global financial crisis TINA [there is no alternative] world ...