Stocks sink on Big Tech cash burn; oil hits $100 for first time since May

July 23: Oil prices spiked to $100 a barrel for the first time since May, major tech giants knocked U. S. stocks lower, and Europe’s borrowing costs spiked to long-term highs in an unsettling day across markets on Thursday. Brent crude jumped 6 per cent to $100. 50 a barrel following attacks on tankers in the

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