🚦 Global financial markets stabilize and rebound
U.S. stocks showed a split pattern, with the Dow strong and the Nasdaq flat. Consumer and industrial sectors supported the broader market, while tech stocks continued to face valuation pressures.
Tensions in the Middle East weighed on expectations for energy supplies, keeping crude oil prices elevated;
Treasury yields remained high, and the cost of capital continued to be a key factor weighing on risk-asset valuations.
Meanwhile, the performance of SpaceX ( $SPCX ) drew market attention,
while reports that Musk and Tesla’s ( $TSLA ) board had discussed a potential merger also sparked debate.
Another report said Musk had once ordered restrictions on the speed of the military-grade Starlink service used by the Ukrainian military, once again bringing the influence of tech capital to the forefront.
What merits attention today is not just the rise and fall of oil prices, Treasury yields, and crypto prices, but a deeper question:
As tech giants begin to influence geopolitical rivalries, is the traditional framework for pricing global capital starting to change?

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