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Market Slump Amid Oil Surge and Tech Dips | Tulsa News
Description
Stocks took a beating Thursday as the S&P 500, Dow, and Nasdaq all plunged, marking the worst drop in a month. Oil prices soared to a May high at $102 a barrel amid Middle East tensions, fueling inflation fears and pushing Treasury yields up. Big tech names like Alphabet and Tesla tumbled after disappointing earnings, dragging the market down. Weekly losses piled up across indices, but year-to-date gains remain strong—with the Russell 2000 leading the pack up 18.5%.
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