The Financial Post reports in its Wednesday edition that U.S. stocks fell Tuesday as rising bond yields and an early-morning spike in oil prices unnerved investors, prompting them to pare back some of their riskier trades including bets on AI and related tech. A Bloomberg dispatch to the Post says investors retreated from growth stocks as yields on longer-maturity bonds continued their ascent, with yields on 30-year U.S. Treasuries touching their highest since 2007 amid concerns over fiscal spending and a flood of issuance. Meanwhile, tensions in the Middle East showed no sign of easing after U.S. President Donald Trump indicated he's not interested in extending the expiring memorandum of understanding with Iran. The market is reacting to "rising bond yields" that are a result of "a combination of energy prices, U.S.'s deteriorating fiscal situation," and elevated credit issuance, strategists at JPMorgan said in a note. Growth stocks in particular tend to bear the brunt as rising yields dent the present value of their future cash flows, and on Tuesday, artificial-intelligence-linked stocks led the sell-off. A fund manager survey by BofA showed global equity allocation at its highest since November, 2021.