Oil prices spike on fresh US-Iran attacks, tech weighs on stocks again

Oil prices surged by over four percent Monday as tensions between the U.S. and Iran escalated once again, casting doubt on their tenuous truce and heightening global market anxiety. This spike comes amid a broader trend where tech stocks continue to drag down broader market performance. The renewed hostilities and tech sector's struggles underscore the interconnectedness of geopolitical events and financial markets, highlighting how quickly economic stability can be threatened by international conflicts and sector-specific downturns.