US Stocks: US market hits two-week lows as Iran tensions lift oil, bond yields
3 Articles
3 Articles
US Stocks: US market hits two-week lows as Iran tensions lift oil, bond yields
In a turbulent trading session, major US stock indexes fell to two-week lows on Tuesday, with heavyweight technology stocks taking a hit as oil prices surged and bond yields remained elevated. The market's outlook soured on reduced hopes for a US-Iran peace deal, leading investors to seek refuge in more stable healthcare and consumer staples sectors.
Tech selloff pulls Wall Street to two-week lows as bond yields climb
By Shashwat Chauhan and Purvi Agarwal Aug 18 (Reuters) – The S&P 500 hit a two-week low on Tuesday and the Nasdaq Composite sank more than 1% with semiconductors leading declines in the heavyweight technology sector as multi-year peaks in bond yields fed concerns about borrowing costs. The Philadelphia SE Semiconductor Index tumbled more than 5% as investors fled stocks that had rallied previously based on booming AI-related demand. The increa…
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