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Finance / Energy Energy

Tech Stocks Slide as Oil Climbs on Hormuz Standoff

Source: bloombergMarkets July 13, 2026 · 07:46
A selloff in tech giants sent stocks lower, with the market also falling as oil jumped after clashes over the Strait of Hormuz raised concerns about a disruption in energy supplies that could fuel inflation. Stuart Kaiser, Head: US Equity Trading Strategy at Citi gives his outlook on the markets and looks ahead to June CPI out Tuesday. (Source: Bloomberg)
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