Semiconductor stocks drove tech rally gains while the Iran war caused surging inflation concerns and boosted crude prices.
4 reports, 3 independent
Updated Aug 18
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AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Semiconductor stocks drove tech rally gains while the Iran war caused surging inflation concerns and boosted crude prices.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Semiconductor stocks affected Nasdaq, while inflation data raised concerns about future Fed rate hikes, and Charles Schwab reported earnings.Sub-event
Iran war and military strikes are driving inflation concerns and boosting crude prices.1 source
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The entities involved
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AMD
American multinational semiconductor company
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FED
business
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Intel
American multinational technology company
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- Military actions by US and Israel against Iran elevated energy markets, prompting the FED to aim for a rate hike to curb inflation.
- The FED and Principal Asset Management are discussing market shifts caused by the war in Iran and its impact on global energy prices.