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Yield Spike Crushes Tech Stocks as Oil Surges Above $91

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Semiconductor and tech stocks slide as surging 10-year Treasury yields to 4.8% crush high-multiple growth valuations.
  • Concurrently, crude oil spikes above $91 amid Middle East supply disruption fears, exacerbating inflation and rate pressures across global markets.
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BRENT price history

107.18 +67.13% over the displayed period

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