Stocks Continue Losing Streak Amid Iran Tensions and Tech Earnings
The stock market is experiencing its third consecutive down day as rising oil prices and bond yields weigh on investor sentiment following renewed U.S.-Iran strikes. West Texas Intermediate crude climbed above $90 per barrel, while the 10-year Treasury yield reached a high not seen since November 2023. Meanwhile, tech news is dominating headlines with GoPro announcing an AI-driven expansion into data centers and defense markets, which sent its shares up nearly 40%. The G20 Innovation Ministerial in North Carolina features key figures from leading AI firms like Nvidia and OpenAI as global leaders address growing concerns around the technology. U.S. Commerce Secretary Howard Lutnick also announced that semiconductor tariffs under a potential Trump administration are being planned, citing Canadian interference in recent trade talks.
Topics: oil_prices stock_market U.S.-Iran_conflict