Wall Street entered a fresh phase of volatility on Wednesday, driven by a confluence of geopolitical escalation and sector-specific selling.
The Nasdaq Composite fell 2.7% by midday in New York, weighed down by broad-based losses in technology stocks.
Simultaneously, energy markets reacted sharply to renewed hostilities, with Brent crude oil surpassing $100 a barrel for the first time since May.
Simultaneously, energy markets reacted sharply to renewed hostilities, with Brent crude oil surpassing $100 a barrel for the first time since May.
The sell-off in equities reflects deepening investor anxiety over the sustainability of tech valuations amid rising macroeconomic uncertainty.
Semiconductor shares led the decline, extending a downturn that has persisted through the week as risk-off sentiment intensifies.
The simultaneous spike in oil prices adds a complicating layer for investors, raising concerns about inflationary pressures and potential margin compression for energy-intensive sectors.