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Tech Tumbles Amid Geopolitical Risk | Spokane News
U.S. stocks plunged Monday, led by tech, after Trump reinstated sanctions on Iranian ports—sparking oil surges and investor caution. The Nasdaq tumbled hardest, while the Dow held steady thanks to energy gains. This week’s market spotlight includes Fed Chair testimony, inflation data, and big bank earnings—all amid rising geopolitical risk. Chip stocks, riding AI momentum, are now under fire, with even newly listed SK Hynix slipping. Despite the turbulence, analysts expect strong Q2 profits, offering potential relief as markets brace for possible rate hikes and inflation’s next move. Listen…
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