Wall Street falls as Middle East tensions lift Brent to $107; Trump-Xi White House summit watched
AI Market Summary
Escalating Middle East tensions lifted Brent to $107, tightening financial conditions via higher inflation expectations and pushing the 30-year Treasury yield to its highest since 2004. The rate-sensitive equity complex weakened, with tech leading declines, while energy outperformed. Markets also repriced Fed policy risk, with rising odds of a near-term hike, reinforcing a risk-off tone across major U.S. indexes.
Impact level
● High
Affected assets
NCCO1OILBRENT2USD/USDT+2.60%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
▼ Bearish
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U.S. stocks fell on Thursday, with the Dow hitting a more than three-month low as Middle East tensions pushed Brent crude futures up to $107 a barrel. Higher oil prices added to inflation worries, sending the 30-year U.S. Treasury yield to its highest level since 2004. Tech shares led losses in the S&P 500, with Nvidia, Broadcom and Microsoft each down more than 1%. Oracle slid 5% after a report said it issued a force majeure notice tied to a large New Mexico data center project.
