Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Tech Stocks Slide as Oil Climbs on Hormuz Standoff
Business & Finance

Tech Stocks Slide as Oil Climbs on Hormuz Standoff

Tech Stocks Slide as Oil Climbs on Hormuz Standoff
Bloomberg Markets Monday 13 July 2026, 14:46 UTC 1 min read
Key Points

Jul 13th, 2026 Tech Stocks Slide as Oil Climbs on Hormuz Standoff A selloff in tech giants sent stocks lower, with the market also falling as oil jumped after clashes over the Strait of Hormuz raised concerns about a disruption in energy supplies that could fuel inflation. Stuart Kaiser, Head: US Equity Trading Strategy at Citi gives his outlook on the markets and looks ahead to June CPI out Tuesday.

Jul 13th, 2026 Tech Stocks Slide as Oil Climbs on Hormuz Standoff A selloff in tech giants sent stocks lower, with the market also falling as oil jumped after clashes over the Strait of Hormuz raised concerns about a disruption in energy supplies that could fuel inflation. Stuart Kaiser, Head: US Equity Trading Strategy at Citi gives his outlook on the markets and looks ahead to June CPI out Tuesday. [Image text:] PREMARKET S&PFUTURES 7,599.0021.250.28% DOW JONES FUTURES 52,886.0020.000.04% NASDAQ 100 FUTURES 29,744.75287.500.96% CBOE VIX INDEX 16.331.30 STUART KAISER CITI, HEADOF US EQUITY TRADING STRATEGY CHIP SELLOFF HITS STOCKS AS OIL GAINS LIFT YIELDS
the Strait of Hormuz (LOCATION) Stuart Kaiser (PERSON) US (LOCATION) Citi (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

King Charles’ cousin welcomes first baby and shares the meaning behind her new daughter’s name

King Charles’ cousin welcomes first baby and shares the meaning behind her new daughter’s name Flora Vesterberg, who is the granddaughter of Queen Elizabeth’s first cousin Princess Alexandra, has welcomed her first child with her husband The Royal Family have welcomed a new baby into the fold, as a cousin to the late Queen Elizabeth and King Charles has announced the arrival of her first baby. Flora Vesterberg and her husband, Swedish financier Timothy Vesterberg, announced in an Instagram...

Daily Mirror 18m ago

Dollar mostly flat amid escalating US-Iran tension, yen slides on pension doubts

Dollar mostly flat amid escalating US-Iran tension, yen slides on pension doubts NEW YORK/LONDON, July 13 : The dollar was barely higher on Monday as hostilities in the Gulf escalated ahead of the monthly U.S. inflation report, while the yen slid following a Reuters report that Japan had no immediate plan to change state pension funds' asset allocations. President Donald Trump said on Monday the U.S. was reinstating a naval blockade on Iran.

Channel News Asia 42m ago

Micron and other chip stocks feel the pain of imported volatility — blame SK Hynix

The SOX chip index was suffering a unanimous selloff, after SK Hynix’s stock had its worst day in 18 years in South Korea trading.

MarketWatch 44m ago

Iraqi PM heads to US seeking balance between security and economy

Iraqi PM heads to US seeking balance between security and economy Prime Minister Ali al-Zaidi to hold talks with President Donald Trump, with energy investment and role of pro-Iran groups expected to dominate agenda. Iraqi Prime Minister Ali al-Zaidi is travelling to the United States for talks with President Donald Trump, in what will be his first foreign trip since taking office in May. During this week’s meetings, al-Zaidi is expected to sign agreements in energy and trade while also...

Al Jazeera 44m ago