U.S. markets turned defensive as reports of an attack on Saudi energy facilities and an alleged post-election plan involving Iran pushed Brent and WTI crude to five-month highs. WTI approached $100 a barrel, while concerns about AI spending weighed on technology stocks, BlockBeats reported.
Indexes and chip stocks slide
Bitget data showed the S&P 500 closed at 7,662.54, down 1.22%, ending a three-session advance. The Nasdaq Composite fell 2.60%, and the chip index dropped 6.72%. BIT data showed CoreWeave down 10%, with other semiconductor and optical names also falling sharply.
Meta commitments add to financing concerns
Meta’s revenue beat expectations, but higher capital spending and $825 billion in future commitments pushed its free cash flow into negative territory in the report. Its five-year credit default swap reached a record high, while the stock fell 6.98% in the prior session and another 0.61% after hours.
Bitcoin briefly dipped below $81,000 before trading near $81,347.20 in HTX data. The geopolitical reports and market levels are time-sensitive snapshots.