Middle East tensions raise inflation concerns, putting pressure on US tech stock valuations
ChainCatcher news, according to market data from a certain exchange, the Nasdaq index, which is dominated by technology stocks, is leading the decline among U.S. blue-chip stock indices in pre-market trading. Ipek Ozkardeskaya from Swissquote Bank stated that investors are weighing the risks of inflation shocks triggered by the Middle East conflict. The continued surge in oil prices may raise inflation expectations and bond yields, thereby putting pressure on the valuations of companies such as Nvidia, Microsoft, Apple, and Alphabet. Nvidia fell 1.6% in pre-market trading, while Alphabet and Apple dropped 2.7% and 1.2% respectively. Nasdaq futures fell 1.5%.
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