{
  "id": 3130944,
  "title": "Shares dip as tech stocks face pressure, yields and oil fall",
  "url": "https://urgent.news/2026/08/24/shares-dip-as-tech-stocks-face-pressure-yields-and-oil-fall-3130944",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T22:13:00.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/08/25/shares-dip-as-tech-stocks-face-pressure-yields-and-oil-fall"
  },
  "original_language": "en",
  "account": "On Monday, the MSCI global equities gauge experienced a decline as technology stocks underperformed, despite a drop in US Treasury yields and falling oil prices. The weakness in technology offset the support from lower bond yields and cheaper oil prices. Oil prices dropped more than US$2 per barrel as investors disregarded the expansion of secondary sanctions imposed by the US against Iran. The Canadian dollar slipped due to the looming US trade war, while most S&P 500 industry sectors closed with gains on Monday, except for the technology sector, which saw a 1.6% drop. Gene Goldman, chief investment officer at Cetera, attributed the tech sector's decline to recent news from key companies, highlighting Alibaba's US$10.2 billion share sale aimed at funding AI initiatives. South Korean shares also fell after Samsung Electronics announced a US$79 billion shareholder-return plan, falling short of investors' expectations. Earlier, South Korea's KOSPI index dropped more than 3%. Technology investors were concerned about Nvidia's upcoming quarterly financial report, fearing the AI chipmaker may struggle to meet high expectations. The Dow Jones Industrial Average climbed 140.15 points, or 0.26%, to 53,417.16, while the S&P 500 fell 21.51 points, or 0.28%, to 7,652.86, and the Nasdaq Composite dropped 200.26 points, or 0.76%, to 25,980.19. MSCI's global stock gauge declined 4.58 points, or 0.40%, to 1,145.23. Prior to the day's trading, the pan-European STOXX 600 index remained unchanged at 654.21. Upcoming this week, Federal Reserve Chair Kevin Warsh is scheduled to deliver his first speech at the Jackson Hole annual conference, raising expectations for insights on recent bond yield increases and reassurance regarding his independence from the Trump administration. Traders anticipate a 58% chance of a rate hold at the September meeting, with 43.8% odds of no hike in October and 25.7% for December. Treasury Secretary Bessent stated that the US government will continue with its regular debt auctions, including long-dated bonds, despite the increased size of buybacks for 10- to 30-year securities. In government bonds, the yield on the benchmark US 10-year notes fell 3.79 basis points to 4.7%, while the 30-year bond yield decreased 4.84 basis points to 5.2276%. However, the 2-year note yield rose 0.4 basis points to 4.238%. The US dollar advanced after reaching three-month lows last week, as US tensions with Iran escalated and trade tensions with Canada intensified. President Trump threatened to hike US tariffs on Canadian goods to 50% starting January 1, 2027, following the collapse of negotiations. The Canadian prime minister announced retaliatory Canadian tariffs on US goods, effective September 8, leading to a weakening Canadian dollar of 0.56% against the greenback. The dollar index rose 0.2% to 99.01, with the euro down 0.15% to US$1.1662 and the Japanese yen up 0.13% to 159.13. In energy markets, US crude oil settled down 2.35%, or US$2.05, at US$85.01 per barrel, while Brent crude settled at US$92.17 per barrel, both down 2.35%, or US$2.22, from the previous day. Gold prices rose to their highest levels in over three months due to technical buying, driven by the US Treasury's buyback announcement and a weaker dollar ahead of inflation data and the Jackson Hole meeting. Spot gold increased 0.97% to US$4,647.29 per ounce, and US gold futures rose 1.01% to US$4,670.90 per ounce.",
  "summary": "Oil prices lost more than US$2 a barrel as traders shrugged off expanded US secondary sanctions targeting Iran’s business partners.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Shares dip as tech stocks face pressure, yields and oil fall",
        "url": "https://urgent.news/2026/08/24/shares-dip-as-tech-stocks-face-pressure-yields-and-oil-fall",
        "published": "2026-08-24T22:13:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}