Tech Bleeds, Oil Retreats, Middle East Talks Grind On
Wall Street ended Monday mixed as Alphabet and SpaceX led a tech rout — Alphabet fell 5% on back-to-back AI talent losses to Anthropic and OpenAI, while SpaceX slid 16% for its third straight day, erasing $600 billion in market value. U.S.–Iran peace talks in Switzerland produced a 60-day oil sales waiver, pushing Brent below $78. A hawkish Fed drove the 2-year yield to a 16-month high of 4.23%; ASX SPI futures point 0.2% higher to 8,831.