Wall Street Dips as Oil Surge Compounds Tech Earnings Pressure

📉 WALL ST — Tech earnings are the headline; $95 oil is the weight beneath it. 📌 LOOK CLOSER: Equity indexes rarely dip on oil alone — but at $95 Brent, margin compression across industrials, airlines, and logistics is measurable, not theoretical. Tech earnings give traders a narrative cover for a sell-off driven by war premium. The variable that matters: if Hormuz and Red Sea stay simultaneously constrained, oil becomes a structural drag on Q3 earnings guidance, not a one-session shock.