Tech stocks are leading a fresh market sell-off as oil prices spike

Nasdaq is scouting a location for its new Dallas building.

Zamek/VIEWpress

• US stocks took a hit on Tuesday as traders fled tech shares and digested a spike in oil prices.
• The Nasdaq tumbled more than 2%, with mega-cap tech leaders down sharply.
• Brent crude jumped on renewed Middle East tensions.

The stock market was hit with a wave of selling on Tuesday as traders dumped some of the market's highest-flying tech names and reacted to a spike in oil prices.