World shares mostly decline, hit by heavy selling of AI-related shares

U.S. stocks edged higher as the Treasury Department announced plans to double purchases of longer-term bonds, easing bond market pressures that had driven yields up and hurt markets globally. Strong profit reports from companies like Estee Lauder and biotech firms Moderna and Merck supported investor confidence, while Asian markets declined due to selling in tech and AI-related shares amid rising bond yields.

This Wire brief sits within Fusion42's coverage of Generalist.