The Intelligence Layer Beyond Your Own Book

Equity markets came under pressure as rising oil prices strengthened expectations that the Federal Reserve may need to keep policy tighter for longer. South Korea's Kospi has fallen 9.23% this morning, while Nasdaq 100 futures declined 1.3%, and European equity futures pointed to a weaker open.

Oil prices climbed 7.13% yesterday to $83.20 and continued to rise in this morning's session to $84.51 as tensions between the U.S. and Iran intensified, renewing concerns over global energy supply and inflation.

With Middle East tensions appearing more contained, investors rotated back into technology stocks on renewed confidence that the artificial intelligence investment cycle remains intact. After this week's pullback, investors viewed the weakness as a buying opportunity ahead of the upcoming earnings season.