business / news / / The Economic Times
The Dow Jones Industrial Average fell 237 points, the S&P 500 dropped 0.75%, and the Nasdaq Composite sank 1.11%.
The 30-year US Treasury yield closed at 5.18%, its highest point in nearly 19 years.
KEY POINTS
- Large speculators in Nasdaq 100 futures now hold their biggest net short position since 2023.
- Semiconductor stocks, which drove recent gains, have now led the downturn after seven weeks of overbought momentum.
- Oil prices staying above $100, due to Iran conflict volatility, are directly fueling US inflation expectations.
- Markets are bracing for Nvidia earnings and June–July 2026 inflation data to determine recovery or further correction.
COMPANIES
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