Finance

Global energy markets faced supply disruption concerns as Brent crude futures surpassed one hundred dollars a barrel following attacks on Saudi Arabian oil tankers in the Red Sea. The expanding conflict in the Middle East has prompted an immediate surge in both global and domestic oil benchmarks.

Investor concern over capital expenditure guidance and free cash flow strains prompted a notable selloff in megacap technology firms. Shares of Tesla tumbled fifteen percent after its profits missed targets, while Alphabet slid roughly seven percent following a raised full-year projection for capital investments.

Treasury yields trended upward, with the benchmark ten-year note rising to its highest mark in roughly eighteen months. The parallel climb in energy costs and stronger-than-anticipated corporate indicators has renewed fears of enduring inflation, pushing back investor anticipation of future interest rate reductions.