Shares dip as tech stocks face pressure, yields and oil fall
Oil prices lost more than US$2 a barrel as traders shrugged off expanded US secondary sanctions targeting Iran’s business partners.
U.S. Treasury yields slid on Monday as reports emerged of the department potentially using its cash reserves to finance debt buybacks. This development weighed on MSCI's global equities gauge. In a separate but related event, tech stocks suffered, with the sector responsible for the majority of the losses among the benchmark's three declining sectors.
The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all experienced declines, while the Canadian dollar dropped due to growing concerns over a potential US trade war. Meanwhile, oil prices tumbled more than $2 per barrel as market participants ignored the expanded secondary sanctions announced by U.S. Treasury Secretary Scott Bessent.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Shares dip as tech stocks face pressure, yields and oil fall freemalaysiatoday.com
