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International Business : Tech selloff relents as oil prices hit five - month high

Global tech shares steadied after fears over AI's vast funding needs hit Wall Street, while US Treasuries saw their biggest rally in more than three years. Brent crude rose to a five-month high of $115 a barrel after Houthi attacks on Saudi Arabia and reports that the US and Israel had drawn up plans for renewed strikes on Iran after the US midterm elections. European gas prices jumped another 4% and were nearly 30% higher so far this month. The Nasdaq had slumped 2.6% on Thursday, its biggest drop since June, while Japan's Nikkei fell over 4% for the week and mainland China's CSI300 closed up 1.7%.

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Keywords

oil pricestech stocksbondsgeopoliticsNVDA

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Related tickers and likely impact

QQQ

▲ Likely positive

Invesco QQQ Trust

Relevance: medium

MarketUS stocks
SectorETF
Close on 10/23/2026704.39
Change that session-0.01%
QQQ price, forecasts and signals →

NVDA

▲ Likely positive

Nvidia

Relevance: low

MarketUS stocks
SectorInformation Technology
IndustrySemiconductors
Market cap$5.2T
Close on 10/23/2026211.00
Change that session-0.57%
NVDA price, forecasts and signals →

SPY

• Neutral

SPDR S&P 500 ETF

Relevance: low

MarketUS stocks
SectorETF
Close on 10/23/2026759.85
Change that session-0.54%
SPY price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

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