Tech Stocks Drop Amid Oil Price Surge

A sharp increase in oil prices has triggered a broad market decline, with concerns over inflation intensifying just before the Federal Reserve's interest rate decision. Brent crude climbed near $117, fueled by escalating tensions in the Middle East that threaten global supply chains. While selling pressure on tech stocks eased, the sector still posted its longest weekly drop since November, signaling lingering investor caution. The Dow Jones Industrial Average fell 1.2%, reflecting broader market unease. Treasury yields dipped from earlier gains, indicating some relief in fixed-income markets. Analysts warn that the Fed's upcoming decision could further influence market sentiment, especially as inflationary pressures remain a key concern.