Nasdaq Slides 0.51% for Second Day as Seagate Warning and Rising Yields Hit Tech

5 articles · Updated · CNBC · May 17

The Nasdaq fell 0.51% to 26,090.73 for a second straight loss, while the S&P 500 slipped 0.07%; the Dow rose 159.95 points to 49,686.12.
Seagate sank nearly 7% after its CEO said new factories would "take too long," deepening worries memory-chip makers lack capacity to meet surging demand; Micron dropped almost 6%, Western Digital 4.8% and Sandisk 5.3%.
Higher sovereign bond yields added pressure to growth stocks after Friday's selloff, with the U.S. 30-year Treasury yield near a one-year high and long-dated U.K. and Japanese yields also elevated.
Oil stayed high as traders watched the Iran-U.S. standoff, with WTI settling up about 3% at $108.66 and Brent above $112, even after Trump said he was delaying a planned Tuesday attack on Iran.
Sticky inflation and elevated energy prices are dimming hopes for near-term Fed cuts, leaving investors wary that the market could stay rangebound unless Middle East tensions ease.

Beyond oil prices, what are the hidden global economic shocks stemming from the Middle East conflict?

With bonds no longer a safe haven, how can investors protect portfolios from synchronized market crashes?

Is the global 'RAMageddon' a temporary crisis or a permanent price reset for the entire tech industry?