Tech is bouncing back. Oil hit its lowest level since before the war. Micron is up next

Tech Losses Drag Global Stocks Lower; Oil Retreats: Markets Wrap

Technology stocks once again pulled global indexes lower as renewed selling in semiconductor manufacturers and a possible delay to OpenAI’s public debut hit sentiment. Oil resumed its slide.

Stocks Stabilize After Tech Selloff as Dollar Hits One Year High

Global stock markets steadied on Wednesday after a sharp technology driven selloff rattled investors earlier in the week. Technology shares showed signs of recovery ahead of earnings from chipmaker Micron Technology, whose products are closely tied to the artificial intelligence boom. Despite the rebound, investor sentiment remained cautious amid concerns that AI related stocks have [] The post Stocks Stabilize After Tech Selloff as Dollar Hits One Year High appeared first on Modern Diplomacy.

Why is Marvell Technology stock sliding today?

Why is Marvell Technology stock sliding today?

Global tech rout intensifies as shares extend losses, Nasdaq down over 2%

New York [US], June 23 (ANI): The sell-off in global tech stocks intensified on Tuesday as investors became wary of the frenzy around AI, adopting a more cautious approach and evaluating the next steps on how to navigate the technology's soaring costs.Nasdaq 100 extended the selloff opening more than 2 per cent lower on Tuesday, with memory chip heavyweight Micron down more than 11 per cent. The SP 500 fell

Oil prices fall as markets respond to progress in US-Iran talks

Oil prices fall as markets respond to progress in US-Iran talks Oil prices declined on Tuesday as financial markets reacted to signs of progress in negotiations between Washington and Tehran aimed at ending the US-Israeli war on Iran. Brent crude fell 2.8 percent to 78.29 a barrel, moving closer to the roughly 70 level seen before the war, while US benchmark crude dropped 2.3 percent to 74.14 a barrel. US Vice President JD Vance said talks held over the weekend had created a good foundation for a successful final deal, helping ease concerns over potential disruptions to global energy supplies. On Wall Street, the SP 500 slipped 0.3 percent, remaining 1.7 percent below the record high it reached earlier this month. The Nasdaq Composite fell 1 percent, while the Dow Jones Industrial Average rose 131 points, or 0.3 percent.