https://www.live-feeds.com/feed/tech-stocks-erase-1-trillion-of-wealth-as-oil-surges-to-110-for-the-first-time-since-mayContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/tech-stocks-erase-1-trillion-of-wealth-as-oil-surges-to-110-for-the-first-time-since-mayhttps://www.live-feeds.com/feed/tech-stocks-erase-1-trillion-of-wealth-as-oil-surges-to-110-for-the-first-time-since-may#u143376Wed, 21 Oct 2026 14:32:47 +0000Global markets face intense downward pressure as an aggressive technology selloff wipes $1 trillion in market value while crude oil prices surge past $110 per barrel for the first time since May. The tech rout ends a four-week winning streak for the Nasdaq, which sinks more than 2% amid growing investor questions surrounding artificial intelligence debt and promises. Meanwhile, Brent crude climbs above $110 and U.S. crude tops $100 per volume on mounting Middle East supply concerns. Bank gains provide a partial offset, helping keep broader indexes relatively subdued.Why it mattersThe convergen