Analyst says U.S. tech stocks could benefit if oil prices stabilize

Tickmill Group analyst Patrick Munnelly said in a report that U.S. technology stocks could benefit if oil prices stabilize and investors scale back expectations for further Federal Reserve rate hikes. He said the earlier rise in oil had already pushed market pricing toward a higher likelihood of Fed tightening in the coming months, which in turn weakened demand for risk assets. Munnelly added that the picture could shift again if energy prices keep climbing. In that case, inflation concerns may intensify and weigh on overall market risk appetite. The comments were cited by Jin10 and frame oil as a key variable in how investors assess both monetary policy expectations and sentiment toward growth-sensitive sectors.