Stock market today: Dow, S&P 500 rise, Nasdaq trims losses as Treasury yields sink

US stocks recovered on Thursday as Treasury yields tumbled and chip stocks pared losses following an AI-driven sell-off fueled by debt-financing concerns.The Dow Jones Industrial Average (^DJI) rose more than 400 points, 0.8%, while the S&P 500 (^GSPC) erased losses to hover near the flatline. The Nasdaq Composite (^IXIC) fell 0.4% after declining more than 1% earlier in the session. A sell-off in tech over the past two days sparked a flight to treasuries with the 10-year bond yield (^TNX) sinking to 5.10%Semiconductor stocks trimmed earlier losses after the KOSPI index (^KS11) declined 7% overnight. Taiwan Semiconductor Manufacturing Company (TSM) stock fell 2% on Thursday despite posting a record profit and beating estimates amid global demand for AI chips.Concerns over borrowing costs also weighed on the AI trade, hitting shares of Nvidia (NVDA)-backed CoreWeave (CRWV) after a 15% drop on Wednesday. The stock's sell-off underscored concerns about the neo-cloud provider's debt-heavy balance sheet and whether it can scale its business quickly enough to cover rising interest expenses.Meanwhile, new data showed September's wholesale inflation index rose at its fastest pace since 2022, sparking fresh concerns about how rising prices may affect the Federal Reserve's next move.