Wall Street slid on Tuesday as a broad technology selloff, driven by rising government bond yields and higher oil prices, pushed the S&P 500 to its third straight daily loss and sent major indexes lower across the board. (ph.investing.com)
The S&P 500 fell about 0.7%, the Nasdaq Composite dropped roughly 1.3% and the Dow Jones Industrial Average dipped near 0.2%, extending a pullback from record highs reached earlier in the week. Heavyweights in the semiconductor and large-cap tech groups were among the biggest drags on the market. (apnews.com)
Traders said the selloff was largely a reaction to a rise in long-term Treasury yields after oil prices jumped on geopolitical tensions, which tightened inflation expectations and raised the prospect of higher interest rates. Higher yields increase borrowing costs and reduce the present value of future earnings, making richly valued growth and tech stocks especially vulnerable. (in.marketscreener.com)
Semiconductor and chip-related names led the declines, with several major chipmakers and memory suppliers among the heaviest losers as investors pared back riskier, high-growth positions. Market commentators noted that government borrowing costs at multiyear highs have amplified pressure on capital-intensive sectors such as semiconductors. (straitstimes.com)
The moves underline a broader theme for markets this week: a rotation from stretched growth sectors toward assets more sensitive to shorter-term economic and interest-rate risks. Investors are now watching oil, Treasury yields and upcoming economic data closely for clues about inflation and central-bank policy. (au.investing.com)
For now, the selloff has merely paused the recent run-up in equities rather than signaling a sustained reversal, but volatility is likely to remain elevated while investors reassess the impact of energy-driven inflation fears and higher borrowing costs on corporate profits and valuations. (apnews.com)
Original Source: https://www.investing.com/news/stock-market-news/us-stock-futures-drop-as-fading-iran-peace-hopes-lift-oil-bond-yields-4864587
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Publish Date: 2026-08-19 03:13:00
