NSDQ100 ahead of US CPI US Tech 100TRADENATION:USTECTradeNationThe Nasdaq 100 came under pressure on Monday as a sharp rise in oil prices and renewed geopolitical tensions fuelled stagflation concerns, while another sell-off in semiconductor stocks weighed heavily on the technology sector. Brent crude surged almost 10% to above $83 a barrel after further US-Iran escalation and President Trump's announcement of an "Iranian blockade" in the Strait of Hormuz, raising fears of higher inflation and slower economic growth. Technology stocks bore the brunt of the move, with the Philadelphia Semiconductor Index falling 4.78%, dragging the Nasdaq lower by 1.55%. The broader S&P 500 also declined 0.79%, although the majority of its constituents finished higher, highlighting how weakness in the large-cap technology sector dominated overall market performance. Higher oil prices also pushed Treasury yields sharply higher, with the 2-year Treasury yield climbing to 4.28% and the 10-year reaching 4.62%, increasing pressure on high-growth technology stocks that are particularly sensitive to rising interest rates. Today's key focus for Nasdaq traders is the US June CPI report. A softer-than-expected inflation reading could ease Treasury yields and provide support for technology shares, while an upside surprise would likely reinforce expectations of tighter Fed policy, keeping pressure on growth stocks. Investors will also closely watch Fed Chair Kevin Warsh's testimony before Congress and earnings from major US banks, which could influence broader market sentiment heading into the heart of earnings season. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.