Tech stocks fall, oil rises after Trump-Xi meeting

Tech stocks led a market retreat following the conclusion of a meeting between President Donald Trump and Chinese President Xi Jinping. Nasdaq-100 futures dropped more than 1%, while Treasury yields climbed above 4.5%. Oil prices rose amid the uncertainty. The meeting's outcome appeared to disappoint investors, triggering a sell-off in technology shares. The broader market also felt pressure as yields on the benchmark 10-year note topped 4.5%, a level not seen in months. Energy markets reacted differently, with crude oil prices gaining on supply concerns. The divergent moves highlight the complex interplay between geopolitics and financial markets, with tech stocks particularly sensitive to trade tensions.