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S&P 500, Nasdaq fall as megacap tech drags; Iran developments watched
Alphabet fell 6.1% as investors weighed U.S.-Iran talks and awaited this week’s key inflation data, while semiconductor shares hit record highs.
Summary by The Korea Times
2 Articles
2 Articles
S&P 500, Nasdaq fall as megacap tech drags; Iran developments watched
The S&P 500 and the Nasdaq fell on Monday, dragged lower by declines in megacap technology names including Alphabet, while investors also assessed developments in U.S.-Iran negotiations. AI-driven optimism has supported Wall Street's recent rally, but analysts note that investors are increasingly questioning lofty spending by hyperscalers, who are raising funds to support infrastructure expansion. Alphabet tumbled 6.1 percent, while Meta, Amazon…
·Seoul, Korea (the Republic of)
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Coverage Details
Total News Sources2
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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