Tech Stocks Drop as Oil Rises on Iran War Risks | Closing Bell
Corroborated by 2 sources from 2 publishers
middle_eastbusiness2h ago
TL;DR
A bad week for stocks was particularly rough for tech investors, as the Nasdaq suffered its worst weekly drop since April 2025. Meta and Micron saw double-digit drops, but the pain was felt across the board as concerns about the U.S.-Iran war drove up energy prices. The Nasdaq dropped 3.23% for the week.