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Tech selloff pulls Wall Street to two-week lows as oil and yields climb

By Sinéad Carew and Shashwat Chauhan

Aug 18 (Reuters) – Wall Street closed lower on Tuesday with semiconductors leading technology declines as Middle East uncertainty pushed bond yields to multiyear peaks, feeding concerns about borrowing costs and inflation. 

Fading hopes for Middle East peace pushed oil prices higher, which in turn triggered an increase in U.S.

 » Read more about: Tech selloff pulls Wall Street to two-week lows as oil and yields climb  »

WSJ Report Sends Memory Stocks Down. SanDisk Down 9%, Micron Down 7%, Western Digital Down 5%

Shares of memory chip makers are selling off hard midday Tuesday as investors rotate out of AI hardware. SanDisk (NASDAQ:SNDK | SNDK Price Prediction) is down 9.1%, Micron Technology (NASDAQ:MU) is down 7.3%, and Western Digital (NASDAQ:WDC) is down 5.3% as of late morning trading.

 » Read more about: WSJ Report Sends Memory Stocks Down. SanDisk Down 9%, Micron Down 7%, Western Digital Down 5%  »

Caterpillar Costs the Dow 255 Points and Most Stocks Barely Notice

Key Points

  • Twenty of the Dow’s 30 components rose, yet the index still finished the morning lower.

  • Home Depot rose after beating second-quarter estimates, though shoppers are choosing smaller projects.

  • The 10-year Treasury yield has climbed to 4.71% from 3.97% before the war with Iran began in February.

 » Read more about: Caterpillar Costs the Dow 255 Points and Most Stocks Barely Notice  »

Bill Ackman Bets Big on Visa After It Lagged the Market for 5 Years. Should You?

Quick Read

  • Ackman bought Visa after it trailed the S&P 500 by 15 points over 5 years, drawn to its toll-booth model and 59% operating margins.

  • Ackman added Mastercard alongside Visa in his biggest portfolio overhaul in years, while Pershing Square USA sits down 3.5% for 2026.

 » Read more about: Bill Ackman Bets Big on Visa After It Lagged the Market for 5 Years. Should You?  »

3 Utility Funds to Play Safe as Oil Prices Surge on Geopolitical Tensions

Inflation eased over the past two months, but renewed concerns about a potential surge are weighing on markets. Geopolitical tensions have intensified, with the United States and Iran failing to make progress toward an immediate peace agreement. Oil prices have started climbing again, while investors remain uncertain about the Federal Reserve’s future monetary policy.

 » Read more about: 3 Utility Funds to Play Safe as Oil Prices Surge on Geopolitical Tensions  »

Commodities Are Booming, But These 3 ETFs Tell Different Stories

Key Points

  • Interested in abrdn Bloomberg All Commodity Strategy K-1 Free ETF? Here are five stocks we like better.

  • The abrdn Bloomberg All Commodity Strategy K-1 Free ETF offers low-cost exposure across major commodity groups, allowing investors to participate without having to choose a single winning commodity

  • The Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF combines active futures management with broad exposure and has delivered some of the strongest performance among the three funds

  • The Direxion Auspice Broad Commodity Strategy ETF takes a more defensive long-or-flat approach,

 » Read more about: Commodities Are Booming, But These 3 ETFs Tell Different Stories  »

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