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Nasdaq Slides 1.8%, Tech Stocks Under Pressure as Oil Prices Surge 5% After Iran Attacks Qatari LNG Tanker on Tuesday

Commodities Indices

2026-07-08 03:32:49

NAS100-1.60%

US500-1.04%

On Tuesday, the Nasdaq 100 fell 1.8% as treasury yields spiked following Iran's attack on a Qatari liquefied natural gas tanker in the Strait of Hormuz, pushing oil prices higher. The S&P 500 ended 0.5% lower, while the Philadelphia Semiconductor Index dropped nearly 5%. Brent crude futures rose 5% to $75.69 per barrel, and U.S. West Texas Intermediate advanced nearly 5% to $71.91. The U.S. Treasury Department revoked Iran's oil sale waiver in response, further elevating energy prices and fueling investor concerns over inflation.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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