Stocks slide as AI fears spread; Nasdaq drops most since June

Stocks fell sharply Friday, with the Nasdaq suffering its largest monthly loss since March 2025, after Amazon and Intel earnings disappointed. Treasury yields dropped on safe-haven demand, the dollar edged lower, and oil hit six-week highs on Middle East supply risks. Fed officials pushed back against Chair Warsh's dovish stance, raising the probability of a December rate hike to 73%.