Nasdaq Sinks 2% as Oil-Driven Inflation Fears Hammer Bonds and Tech
📉 WALL STREET — Nasdaq -2% as oil inflation bleeds into bonds and tech. 📌 LOOK CLOSER: $100 Brent is feeding into Treasury yields — tightening financial conditions without a Fed move. Tech down on AI spending fears, amplified by yield pressure, signals markets pricing a prolonged conflict premium. Higher US yields squeeze emerging market importers already rationing oil. The Gulf crisis now has a second front: Wall Street earnings season.
