Tech stocks lift markets to new highs despite rising oil prices hurting households

Stock markets have reached new record highs driven mainly by strong earnings in a few tech companies. However, rising oil prices, sustained around $100 a barrel due to ongoing conflict in Iran, are putting financial pressure on households. Investors remain cautious as the market's gains are concentrated in a narrow group of stocks, balancing optimism from tech with concerns over energy costs. The situation highlights a market walking a tightrope between growth and economic strain from higher oil prices.