On Tuesday, U.S. equity markets opened lower, with the Nasdaq 100 slipping 1.38% to 29,582 points, the S&P 500 down 0.5% to 7,707, while the Dow Jones Industrial hovered near 53,437.
The decline was driven by long‑term Treasury yields climbing to their highest levels in several years, eroding the valuation of growth‑oriented stocks that rely heavily on cheap financing.
Oil prices also rose, reflecting heightened tensions in the Middle East after the latest escalation in the Iran war, adding cost pressure to the broader economy.
The financing‑intensive U.S. technology sector bore the brunt of the sell‑off, with analysts noting that higher rates and oil prices dampen demand for riskier assets.
Emma Moriarty of CG Asset Management said the escalating situation in the Middle East and rising long‑term rates are factors that ultimately undermine equity values.
The market’s mixed performance follows a modest rebound the previous day that showed early signs of strain.
