Energy Markets
Oil prices drop as chipmakers pressure equity indexes worldwide
Equities around the globe fell Thursday, as investors sold off heavy-weight chips stocks. Meanwhile, the U.S. Dollar and Treasury yields increased after the latest economic releases as well as as the Middle East war intensified. Chip stocks fell from Asia to the U.S., as ?higher-than-expected 77% ?earnings growth from Taiwanese chip manufacturing giant TSMC was not enough to impress investors who have heavily leaned into technology stocks related to artificial intelligence. According to LSEG, the U.S. reporting season for the second quarter started well. Analyst expectations for quarterly earnings increased to 24,8% on Wednesday, from 23,7% last week. Tony Welch...