A selloff in high-flying chipmakers drove stocks lower, with the market also falling alongside bonds after inflation data showed the impacts of energy disruptions stemming from the war in Iran.A selloff in high-flying chipmakers drove stocks lower, with the market also falling alongside bonds after inflation data showed the impacts of energy disruptions stemming from the war in Iran. Wall Street Rally Lifts Asia Stocks, Oil Prices Climb on Middle East Tensions – Bloomberg
A selloff in high-flying chipmakers drove stocks lower, with the market also falling alongside bonds after inflation data showed the impacts of energy disruptions stemming from the war in Iran.
The faster-than-estimated core consumer price index halted a rally in equities, with the S&P 500 dropping from a record. The Nasdaq 100 slid about 1.5%. A gauge of semiconductor firms sank 4.5%. Renewed inflation worries sent two-year yields toward their highest since June, with traders boosting bets on a Federal Reserve rate hike in 2027. US crude topped $102.
