Forex
Nasdaq 100 Takes a Hit Amid Rising Oil Prices and Bond Yields
The Nasdaq 100 has taken a dip amid rising concerns about inflation and higher bond yields.
Rising oil prices have revived concerns about inflation, particularly in Europe which is heavily dependent on energy imports.
US indices, including the Nasdaq 100, fell by around 1.5% today, with European markets also lower.
The combination of higher energy costs and higher long-term borrowing costs has become increasingly uncomfortable for equities.