Tech stocks lead losses as investors weigh geopolitical risks and inflation pressures ahead of potential US strikes.
US equities fell sharply as the Dow dropped more than 900 points, driven by escalating Iran tensions and persistent inflation fears. Tech stocks underperformed, declining 1% amid broader market uncertainty.
Investors are monitoring developments after reports of a White House Situation Room meeting to discuss Iran strike options. The proposed actions range from large-scale, short-duration operations to more measured responses, adding to market volatility.
Oracle’s Q4 earnings beat on profit and margins, but the company announced plans for a $40bn debt and equity raise in FY2027, drawing investor attention. Meanwhile, SpaceX’s rumored IPO, valuing the company at $180bn, continues to generate buzz despite valuation concerns.