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Business

U.S. Stocks Fall as Tech Selloff Deepens, Oil Prices Hit $100 a Barrel

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U.S. Stocks Mixed as June Jobs Data Cools Rate-Hike Concerns

Oil prices are back above $100 a barrel, and investors are dumping tech stocks amid fresh worries that hyperscalers are overspending on AI.

Brent crude futures jumped 7% after Houthi militants claimed attacks on two Saudi tankers in the Red Sea. That’s pushing up borrowing costs around the world, with the 10-year Treasury yield at its highest level in more than a year amid fears that inflation could heat up again.

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