US stock indices slumped on Friday as AI worries dragged on tech stocks, while hotter-than-expected inflation data also dampened investor sentiments. The latest inflation data reinforced bets that the Federal Reserve won’t cut rates any time soon. Following the inflation data, the yield on 10-year Treasuries slid 3 basis points to 3.98%. Key Stock Movers Nvidia stock fell 2.68%, while Amazon shares pared losses to rise 0.21%. ET (1435 GMT), spot gold rose 0.8% at $5,227.62 an ounce.

Source: Mint February 27, 2026 14:48 UTC