In New York markets on the 23rd, the dollar briefly touched 163.98 yen, its highest since November 1986, while the Nasdaq Composite fell more than 2%. Crude oil prices surged amid escalating tensions in the Middle East, with Brent crude futures topping $100 a barrel for the first time since May, reigniting inflation concerns. This pushed up long-term U.S. interest rates and weighed on equities. Disappointing earnings from Alphabet and Tesla sent Alphabet tumbling 7% and Tesla plunging 14.5%. The 10-year Treasury yield rose to 4.697%, its highest since January 2025, while gold futures dropped over 2%.
Alphabet Inc Class CDisappointing earnings from Alphabet sent stock tumbling 7%.
Tesla IncDisappointing earnings from Tesla sent stock plunging 14.5%.