U.S. Waives Iran Sanctions for 60 Days; Megacap Techs Underperform
The U.S. has agreed to temporarily waive Iranian oil sanctions for 60 days, potentially easing supply concerns and lowering oil prices below $80. Meanwhile, a rotation out of megacap tech stocks led the S&P 500 and Nasdaq lower.
Topics: Middle East tensions oil sanctions U.S.-Iran relations