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Tech Tumbles as Geopolitics Rattle Markets | US News
Markets dip as geopolitical tensions flare: S&P 500 and Nasdaq slide amid rising oil prices and bond yields, fueled by stalled U.S.-Iran peace talks and a broken ceasefire. Iran’s tougher stance pushes Brent crude higher, pressuring tech stocks like Tesla and Nvidia as elevated yields make future profits less attractive and borrowing costlier. Home Depot rallies on strong sales, keeping Dow futures steady, while Walmart’s upcoming earnings loom large. Despite recent tech gains, inflation fears and rate hike expectations keep traders cautious — September hikes now less likely, but a rate move…
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