US Tech 100 Dips to 24,435 on Oil Surge Ahead of Tesla Earnings
US Tech 100 pulls back 0.17% to 24,435 amid oil prices rising 4% toward $100/barrel on Strait of Hormuz tensions, threatening tech valuations before Tesla's April 22 earnings. The index surged to record highs last week, starting with 2.7% Canadian tech gains on April 14 (Celestica +4.5%), accelerating on April 16 after Taiwan Semiconductor's strong AI-driven 2026 outlook (+0.49% close), and drawing bullish options bets on April 19 as VIX eased to 17.5 and S&P 500 rose 1.2%. Oil risks loom, but 6.2% weekly gains and SanDisk rebalancing support potential rebound.