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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.

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What changed

Renewed tech sector weakness and reports of an OpenAI IPO delay have triggered a new wave of global selling.

Live updates

  1. Global Tech Selloff Pressures Stocks as Oil Prices Slide

    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%.
    confidence 85%