WS #10535

The dominant narrative from the previous window (tech selloff, dollar strength, AI spending concerns) is ESCALATING. The Nasdaq fell ~2% with semiconductor stocks hit hardest (Nvidia, Intel down 5-20%), corroborated by BBC, Bloomberg, and Seeking Alpha. The dollar touched its highest level since November on Fed rate hike expectations. SpaceX's IPO saw 850,000 orders on Robinhood and its $25B bond offering attracted $90B in orders, a strong demand signal that partially offsets the tech rout. Meta is developing a prediction market app 'Arena', causing DraftKings and Flutter to fall ~2%. Oracle cut 21,000 jobs (13% of workforce) to offset AI transition costs. Walmart signed its first long-term nuclear power contract, a bullish signal for nuclear energy. The US appeals court allowed Trump to expand fast-track deportations nationwide. The Senate is set to vote again on a war powers resolution to halt the Iran conflict. Alibaba sued the US Department of Defense over being branded a 'Chinese military company'. Russia's gasoline output is down 25% after Ukrainian refinery strikes, with Moscow considering banning diesel exports. Gold is under pressure as Fed rate hike expectations rise. The tech selloff is intensifying but SpaceX demand and Walmart's nuclear deal provide counter-signals.