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Jun 24, 2026 27 min

Global tech sell-off gathers pace

from Squawk Box Europe Express

The global tech sell-off continues with U.S. memory and A.I. related companies firmly in the red as investors reassess the A.I. boom. Micron is set to deliver its results later today. Strait of Hormuz traffic returns to its highest level since the start of the conflict in late February and U.S. President Donald Trump accuses oil companies of not lowering gas pump prices in line with falling crude. Secretary of State Marco Rubio lands in the UAE to reassure Arab allies since the Iran deal signing. Bank of America forecasts a triple hike from the Federal Reserve this year – up from its previous guidance of no hikes in 2026. It has slammed the central bank of its ‘unambiguously worse’ problem with inflation.

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Global tech sell-off gathers pace

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How long is this episode of Squawk Box Europe Express?

This episode is 27 minutes long.

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This episode was published on June 24, 2026.

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