Markets Turn Negative as Crude Oil Prices Surge

The S&P 500 is down 0.75%, the Dow is down 0.21%, and the Nasdaq 100 is down 1.18% as markets turned lower this afternoon. The selloff coincides with oil topping $100/bbl for the first time, prompting risk-off positioning and weighing more heavily on growth/tech exposure.

Analysis

The S&P 500 is down 0.75%, the Dow is down 0.21%, and the Nasdaq 100 is down 1.18% as markets turned lower this afternoon. The selloff coincides with oil topping $100/bbl for the first time, prompting risk-off positioning and weighing more heavily on growth/tech exposure.