● LIVE
Updated 1h ago
· 18 sources tracked
Stocks Rattled Again by Tech Selloff; Oil Retreats: Markets Wrap
Global equities have hit a two-week low as investors rotate away from high-profile chip and memory stocks. The S&P 500 is approaching its longest losing streak since August. Meanwhile, oil prices have retreated toward pre-war levels.
What changed
Renewed tech sector weakness and reports of an OpenAI IPO delay have triggered a new wave of global selling.
Live updates
-
Global Tech Selloff Pressures Stocks as Oil Prices Slide
confidence 85%Global equities have hit a two-week low as investors rotate away from high-profile chip and memory stocks. The S&P 500 is approaching its longest losing streak since August. Meanwhile, oil prices have retreated toward pre-war levels.
What's confirmed:
- Tech stocks have fallen for a second consecutive day.
- The S&P 500 is on track for its longest losing streak since August.
- Oil prices have dropped toward pre-war levels.
- Nasdaq futures and the Dow Jones index have declined.
Still unconfirmed:
- OpenAI is considering delaying its planned IPO until 2027.
- Apple shares fell 6.1% after raising prices on Macs, iPads and home devices.
- South Korea's KOSPI plunged as much as 9% before trimming losses.
- SoftBank shares tumbled 14%.
- The Nikkei 225 fell 4.5%.
- The MSCI Asia Pacific Index fell more than 3%.