Oil soars above $111 as stocks plummet on Iran strike news, AI spending concerns
Stocks fell Wednesday as oil prices soared above $111 a barrel on reports that the US and Israel are planning new strikes on Iran, while Meta and Tesla led tech stocks…
Trend-following hedge funds witnessed their worst weekly performance in two years last week, as concern about the eventual pay-off from hefty AI spending ignited volatility across stocks and bonds, a Goldman Sachs note seen by Reuters on Monday showed. The Nasdaq 100, home to the world’s largest tech stocks, fell 5.5% last week, its biggest weekly fall since April 2025, when US President Donald Trump’s Liberation Day tariffs roiled world markets. Last week’s stock market fall was led in...
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