Latest Finance-Economy News
Global markets plunge on inflation fears and tech selloff
World markets saw a sharp downturn as investors rotated away from tech stocks amid rising inflation concerns. The pullback reflected broader anxiety that higher prices and tighter financial conditions could slow growth .
U.S. stocks fall from record highs as oil worries hit sentiment
Major U.S. indexes slipped after setting records, with the S&P 500 down 1.2%, the Dow off 537 points, and the Nasdaq falling 1.5% . The decline was driven by higher oil prices and concerns that inflation pressures may persist longer than expected
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AI-linked stocks lead the market lower
Companies tied to the artificial-intelligence trade were among the biggest losers as investors reassessed lofty valuations . The move suggests enthusiasm for the sector is cooling, at least temporarily, after a long stretch of gains
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Micron Technology drops as semiconductor trade weakens
Micron Technology was one of the heaviest weights on the market, falling 6.6% in the session . Even after the drop, the stock remained up nearly 154% for the year, underscoring how sharp recent gains have been in chip shares
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Higher oil prices rattle the bond market
Rising crude prices triggered a move higher in Treasury yields, with the 10-year yield climbing to 4.59% from 4.47% the prior day . The bond market reaction shows investors are increasingly focused on inflation spillovers from energy costs
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Brent crude surges as Middle East tensions keep supply tight
Brent crude rose 3.3% to settle at $109.26 a barrel, far above the roughly $70 level seen before the war . The ongoing conflict with Iran and closure of the Strait of Hormuz are restricting oil shipments and lifting global energy prices
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Inflation pressure intensifies as gasoline costs feed through the economy
Analysts say rising oil prices are adding to inflation that had already been worse than economists expected . While some large U.S. firms say consumers are still spending, households are increasingly reporting strain from higher fuel and tariff-related costs
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European and Asian markets fall broadly
Stocks across much of Europe and Asia declined by more than 1.5% as the global selloff spread beyond the U.S. . The synchronized move highlights how tightly connected investor sentiment has become around oil, inflation, and growth concerns
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U.S. industrial production beats expectations
A stronger-than-expected report showed U.S. industrial production improved more than economists anticipated last month . The data supported Treasury yields even as equity markets weakened, signaling a mixed economic backdrop
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New York manufacturing accelerates
Another report indicated manufacturing activity in New York state is expanding at a faster rate . The stronger data provided some support for the economy but was not enough to offset market fears about oil, inflation, and geopolitical risk
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