(Bloomberg) -- Stocks and bonds dropped as investors faced a trio of headwinds with a pullback in the artificial-intelligence trade, mounting bets on a US interest rate hike and rising oil prices due to a worsening of the Middle East conflict.

Global markets traded cautiously as renewed conflict in the Middle East and weakness in technology shares dampened sentiment.

(Bloomberg) -- A selloff in technology stocks gathered pace as the artificial-intelligence trade unwound, dragging down shares of major chipmakers after a blistering rally. Oil…