Global stocks slide as tech shares sink and the dollar hits a one-year high
Global stocks fell as technology shares led declines, with Nasdaq futures down more than 2.5% and SpaceX dropping nearly 17% in the prior session. U.S. Treasury yields jumped, with the 2-year at a 16-month high as markets move closer to fully pricing in a September rate increase. The dollar index rose to a one-year high, while the yen hovered near a 40-year low and the euro and pound weakened. Gold fell 1.7% to $4,120 an ounce and Brent crude stayed below $80 a barrel.