started · updated
Wall Street falls as tech selloff and rising bond yields hit markets
Wall Street's major indexes closed lower on Tuesday as a sharp selloff in technology and semiconductor stocks coincided with surging global bond yields. The Nasdaq Composite fell 1.33 per cent and the S&P 500 dropped 0.69 per cent, marking significant retreats for high-growth sectors. The Philadelphia SE Semiconductor Index tumbled 5 per cent, driven by declines in major chipmakers such as Nvidia and Micron Technology.
Geopolitical uncertainty in the Middle East, specifically regarding the Strait of Hormuz and tensions between the United States and Iran, fueled rising oil prices. This instability contributed to a domino effect where higher energy costs raised inflation expectations, subsequently pushing U.S. 30-year Treasury bond yields to their highest levels since 2007.
In addition to market volatility, the United Arab Emirates halted trade and financial dealings with Iran, further complicating the regional economic landscape. Investors remain cautious as they await upcoming Federal Reserve minutes for clarity on future monetary policy and interest rate trajectories.
Entities
Donald Trump · Federal Reserve · Home Depot · Iran · Meta · Micron Technology · Nasdaq Composite · Nvidia · S&P 500 · STOXX 600 · Target · United Arab Emirates
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 7 SOURCES] The Philadelphia SE Semiconductor Index declined by approximately 5 per cent. www.businesstimes.com.sg · time.news · www.finnewsnetwork.com.au · news.bitcoin.com · www.tradingview.com · +2 more
- [● 8 SOURCES] The Nasdaq Composite fell 1.33 per cent to 26,289.71. www.businesstimes.com.sg · time.news · www.finnewsnetwork.com.au · altonivel.com.mx · finanzasdigital.com · +3 more
- [● 5 SOURCES] U.S. 30-year Treasury bond yields reached their highest levels since 2007. www.businesstimes.com.sg · time.news · www.capitalradio.es · biznisinfo.mk · www.tportal.hr
- [● 2 SOURCES] Donald Trump denied that any talks with Iran are currently underway or scheduled. www.europesays.com · www.entornointeligente.com
- [○ 1 SOURCE] The United Arab Emirates halted trade and financial dealings with Iran. news.bitcoin.com
- [● 2 SOURCES] West Texas Intermediate (WTI) crude rose 0.52 per cent to $84.94 per barrel. www.entornointeligente.com · www.elespectador.com
- [● 9 SOURCES] The S&P 500 closed down 0.69 per cent at 7,691.76. www.businesstimes.com.sg · time.news · www.finnewsnetwork.com.au · www.akcie.cz · www.europesays.com · +4 more
- [● 2 SOURCES] The European Stoxx 600 index fell 0.69 per cent to 651.90 points. www.europesays.com · www.akcie.cz