Energy Markets
Stocks stabilize as technology recovers, dollar gains
On Wednesday, stocks recovered from a plunge in technology shares on the back caution over overstretched AI values. Meanwhile, crude oil prices dropped to four-month lows while the dollar rose to a one-year high. The technology stocks that were hard hit on Tuesday edged higher ahead of Micron's earnings, whose chips are key to the AI boom. Investors chose the dollar as a safe haven because sentiment was fragile. Michael McCarthy, a market analyst with Moomoo Securities Australia, said that the price action on markets in the past seven trading days was alarming. Not only when it fell, but when...