Stock Market Today: Nasdaq Slumps On AI Revenue Fears; Nvidia Slides As Chevron Gains
Wall Street futures and major stock indices slumped as a spike in oil prices and surging Treasury yields revived inflation worries. The Nasdaq and S&P 500 fell amid a tech selloff driven by OpenAI concerns impacting US chipmakers, while the 30-year Treasury yield hit a 2002 high. Meanwhile, the Dow Jones Industrial Average slid 400 points following remarks by Trump and concerns over potential major combat operations in Iran. Concurrently, oil prices jumped following tanker attacks in the Strait of Hormuz, driving broader market caution across global equities.
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- ✓ US stock futures and indices fell as oil prices rose and Treasury yields surged, reviving inflation worries.
- ✓ The 30-year Treasury yield hit a high from 2002.
- ✓ Oil prices jumped following tanker attacks in the Strait of Hormuz.
What changed
Stock futures and major technology indices retreated sharply as surging oil prices from Hormuz tanker attacks and rising Treasury yields compounded inflation worries.
Live updates
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Nasdaq Slumps on Tech Selloff as Oil Surges and Yields Rise
Wall Street futures and major stock indices slumped as a spike in oil prices and surging Treasury yields revived inflation worries. The Nasdaq and S&P 500 fell amid a tech selloff driven by OpenAI concerns impacting US chipmakers, while the 30-year Treasury yield hit a 2002 high. Meanwhile, the Dow Jones Industrial Average slid 400 points following remarks by Trump and concerns over potential major combat operations in Iran. Concurrently, oil prices jumped following tanker attacks in the Strait of Hormuz, driving broader market caution across global equities.
Why it matters
Inflation worries have intensified as crude oil prices surged following attacks on oil tankers in the Strait of Hormuz. Markets are also reacting to political rhetoric surrounding potential combat operations in Iran, which has driven global stock selloffs. Additionally, rising Treasury yields and pressure on major chipmakers from OpenAI developments have compounded losses across technology sectors.
What is confirmed
- US stock futures and indices fell as oil prices rose and Treasury yields surged, reviving inflation worries.
- The 30-year Treasury yield hit a high from 2002.
- Oil prices jumped following tanker attacks in the Strait of Hormuz.
Still unconfirmed
- Trump eyes a new round of major combat operations in Iran, sparking a global stock selloff.
What to watch next
- Developments regarding potential combat operations in Iran and their impact on oil supplies
- Further movements in Treasury yields and inflation data
- Chipmaker stock performance following OpenAI market pressures
confidence 80%Sources used for this update (9)
- www.zerohedge.com — Futures Slide From Record As Oil Jumps On Hormuz Tanker Attacks, 30Y Yield Hits 2002 High | ZeroHedge
- WSJ — Stock Market Today: Oil Rises, Bonds Fall Again — Live Updates
- Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq futures fall as oil rises, reviving inflation worries
- Investor's Business Daily — Stock Market Today: Dow Slides 400 Points After Trump Remarks; Treasury Yields, Oil Prices Surge (Live Coverage)
- Reuters — Wall St futures decline as oil surge, high yields stoke inflation worries
- Fortune — As Trump eyes a new round of major combat operations in Iran, sparking global stock selloff
- Bloomberg.com — Tech Stocks to Fall as OpenAI Sinks US Chipmakers: Markets Wrap
- MarketWatch — Dow ends higher as Treasury yields fall; tech selloff sends S&P 500, Nasdaq lower
- flipboard.com — Ukraine war latest: Russian glide bomb strikes in Kramatorsk kill at least 33
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