Global markets moved sharply lower as escalating U.S.–Iran tensions pushed Brent crude above $100 per barrel and drove Treasury yields
Global markets moved sharply lower as escalating U.S.–Iran tensions pushed Brent crude above $100 per barrel and drove Treasury yields to their highest levels of the year, intensifying concerns over inflation and a prolonged period of restrictive monetary policy. Technology shares came under additional pressure as investors questioned the returns on massive AI spending, with Alphabet falling 6.9% and Tesla sliding 15%, leaving the S&P 500 down 1.2% and the Nasdaq 100 lower by 1.9%. Defense stocks bucked the broader decline after Lockheed Martin and RTX raised their sales forecasts, highlighting stronger demand amid heightened geopolitical risks. Elsewhere, Intel’s upbeat outlook supported semiconductor shares and AMD introduced a new lineup of AI chips, while the U.S. dollar strengthened and cryptocurrencies declined as investors shifted toward more defensive positioning.
Global markets moved sharply lower as escalating U.S.–Iran tensions pushed Brent crude above $100 per barrel and drove Treasury yields to their highest levels of the year, intensifying concerns over inflation and a prolonged period of restrictive monetary policy.
Technology shares came under additional pressure as investors questioned the returns on massive AI spending, with Alphabet falling 6.9% and Tesla sliding 15%, leaving the S&P 500 down 1.2% and the Nasdaq 100 lower by 1.9%.
Defense stocks bucked the broader decline after Lockheed Martin and RTX raised their sales forecasts, highlighting stronger demand amid heightened geopolitical risks.
Elsewhere, Intel’s upbeat outlook supported semiconductor shares and AMD introduced a new lineup of AI chips, while the U.S. dollar strengthened and cryptocurrencies declined as investors shifted toward more defensive positioning.