Tech stocks slide on AI valuation doubts; oil jumps after Middle East attacks | live

By Tom Westbrook and Amanda Cooper SINGAPORE/LONDON, July 8 (Reuters) - Oil surged by over 3% on Wednesday and bond prices tumbled as renewed fighting in the Middle East and U.S. sanctions on Iranian crude threatened the ceasefire, while stocks wobbled on concerns the record AI rally may be running short on buyers.

Jul 8, 2026 - 13:00
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Tech stocks slide on AI valuation doubts; oil jumps after Middle East attacks | live
By Tom Westbrook and Amanda Cooper SINGAPORE/LONDON, July 8 (Reuters) - Oil surged by over 3% on Wednesday and bond prices tumbled as renewed fighting in the Middle East and U.S. sanctions on Iranian crude threatened the ceasefire, while stocks wobbled on concerns the record AI rally may be running short on buyers.

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