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Tech and Global Stocks Slump as Surging Oil and Yields Stoke Rate Fears

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The Story

News Summary

  • Global stocks tumbled to multi-week lows as surging crude oil and hot PPI data propelled bond yields to multi-year highs, fueling interest rate fears.
  • Tech and chipmakers slumped under valuation pressure, though Apple bucked the broader trend on optimism surrounding its new foldable iPhone.
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332.27 +20.75% over the displayed period

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