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● LIVE Updated 1h ago · 11 sources tracked

Markets sell off worldwide as further conflict looms in the Middle East and Elon Musk cuts capex guidance

Global markets tumbled as mounting conflict in the Middle East drove oil prices to their highest levels since May. Brent crude climbed past 113 dollars a barrel following deadly attacks in Saudi Arabia. Meanwhile, the tech-heavy Nasdaq slid as investors worried about the sustainability of massive artificial intelligence spending. Tesla announced reduced capital expenditure guidance, weighing on expansion plans and trader sentiment. Major indexes suffered heavy losses, with the S&P 500 falling 1.2 percent, the Nasdaq 100 dropping 2.9 percent, and a key semiconductor index plunging 6.7 percent. The broad market sell-off triggered a flight to safety, driving a massive rally in United States Treasuries.

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⚡ Key Developments & Real-Time Context
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  • ✓ Oil prices climbed to their highest levels since May, with Brent crude trading above 113 dollars a barrel following deadly attacks in Saudi Arabia.
  • ✓ The S&P 500 fell 1.2 percent, the Nasdaq 100 dropped 2.9 percent, and a key semiconductor index plunged 6.7 percent.
  • ✓ Meta Platforms shares slid 7 percent after plans to increase capital expenditure revived concerns about growing artificial intelligence costs.
  • ✓ United States 10-year Treasury yields fell 15 basis points to 4.97 percent in their strongest rally in more than a year.
🛡️ Source Corroboration: 11 independent reporting domains (100% confidence) ⏱ Read time: ~3 min

What changed

Global stock markets extended sharp losses as rising oil prices driven by Middle East tensions compounded existing fears over artificial intelligence capital expenditures.

Live updates

  1. Global Markets Sell Off Amid Middle East Conflict and AI Spending Fears

    Global markets tumbled as mounting conflict in the Middle East drove oil prices to their highest levels since May. Brent crude climbed past 113 dollars a barrel following deadly attacks in Saudi Arabia. Meanwhile, the tech-heavy Nasdaq slid as investors worried about the sustainability of massive artificial intelligence spending. Tesla announced reduced capital expenditure guidance, weighing on expansion plans and trader sentiment. Major indexes suffered heavy losses, with the S&P 500 falling 1.2 percent, the Nasdaq 100 dropping 2.9 percent, and a key semiconductor index plunging 6.7 percent. The broad market sell-off triggered a flight to safety, driving a massive rally in United States Treasuries.

    Why it matters

    The convergence of geopolitical instability and anxiety over technology sector spending has abruptly ended a wild week for equities. Escalating tensions between Iran and the United States, paired with critical oil supply disruption fears, have severely impacted energy-importing regions like Asia. At the same time, high-profile capital expenditure cuts from Tesla and massive spending announcements from firms like Meta have forced investors to question whether expensive artificial intelligence infrastructure will yield sufficient returns.

    What is confirmed

    • Oil prices climbed to their highest levels since May, with Brent crude trading above 113 dollars a barrel following deadly attacks in Saudi Arabia.
    • The S&P 500 fell 1.2 percent, the Nasdaq 100 dropped 2.9 percent, and a key semiconductor index plunged 6.7 percent.
    • Meta Platforms shares slid 7 percent after plans to increase capital expenditure revived concerns about growing artificial intelligence costs.
    • United States 10-year Treasury yields fell 15 basis points to 4.97 percent in their strongest rally in more than a year.
    • Tesla announced reduced capital expenditure guidance, weighing on its future expansion plans.

    Still unconfirmed

    • Capital funding for the artificial intelligence boom may be drying up across the technology sector.

    What to watch next

    • Upcoming technology sector earnings reports and statements on artificial intelligence capital expenditure.
    • Future Federal Reserve rate decisions and policy announcements.
    • Developments in the conflict between Iran, Saudi Arabia, and the United States affecting oil supply routes.
    Sources used for this update (10)
    1. Fortune — Markets sell off worldwide as further conflict looms in the Middle East and Elon Musk cuts capex guidance
    2. www.nbcnews.com — Market sell-off gains steam on Iran war, high AI spending fears
    3. Yahoo Finance — Nasdaq, Dow, S&P 500 Futures Drop Premarket: NVDA, AMD, META, CRWV, MRNA, WDC, BE In Focus
    4. Investopedia — Stock Market Today: Futures Head Lower at End of Wild Week as Oil Prices Rise Further on Middle East Tensions; Chip Stocks Rebound
    5. Barron's — S&P 500 Futures Fall in Premarket Trading; RingCentral, Crown Castle Lead
    6. Boston Herald — US futures under pressure as crude reaches levels not seen since May
    7. www.businessinsider.com — Stock Market Today: Dow Drops As Oil Prices Surge Back Toward ...
    8. fortune.com — Markets sell off worldwide as further conflict looms in the ...
    9. hyperdash.com — Markets Sell Off as Tesla Cuts Capex Guidance, Middle East ...
    10. features.financialjuice.com — Tech Selloff and Middle East Tensions Trigger Treasury Rally ...
    confidence 100%
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