Fears of a renewed inflationary shock are gripping global markets as crude oil prices surge toward the $120-a-barrel mark, triggering a broad sell-off in US equities.
The sharp rise in energy costs is reversing recent market relief and forcing investors to reassess the outlook for central bank policy and corporate margins.
US equity futures pointed to a weak start, with the S&P 500, Dow Jones, and Nasdaq indexes all declining by approximately 1%.
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 weakness in technology stocks.
US equity futures pointed to a weak start, with the S&P 500, Dow Jones, and Nasdaq indexes all declining by approximately 1%.
The sell-off reflects a confluence of rising crude oil prices and renewed geopolitical risks in the Middle East.