S&P 500, Nasdaq End Down on Tech Stocks, Investors Weigh Iran Moves
Investors weighed sanctions on Iran and awaited Nvidia earnings and a key inflation report as chip stocks and bond yields pressured markets.
- On Monday, the S&P 500 and Nasdaq Composite fell, dragged by technology stock declines as investors weighed potential fallout from U.S. economic pressure against Iran.
- The Trump administration announced Monday a possible expansion of secondary sanctions on entities maintaining business ties with Iran, billing the move as an "economic D-Day."
- Chip stocks sold off, with the Philadelphia SE Semiconductor index falling 2.64% to its lowest in three weeks, as Texas Governor Greg Abbott warned data center companies "dug their own grave."
- Investors look to Federal Reserve Chair Kevin Warsh's Jackson Hole symposium speech on Friday, seeking clarity on policymakers' "reading of the Treasury's" rescue efforts amid ballooning debt concerns.
- Market stability may hinge on Wednesday's Personal Consumption Expenditures report and upcoming earnings from AI giant Nvidia, which investors are monitoring given persistent concerns over stretched valuations.
10 Articles
10 Articles
The American exchanges closed in opposite directions on Monday (24), pressed by a strong adjustment of positions in the technology sector. The indices found some support in the relief of oil prices and long-term Treasury revenues, in a session marked by caution regarding the American Treasury's performance in the interest market and the announcement of US economic sanctions to Iran. The Dow Jones index rose 0.26%, to 53,417.16 points. S&P 500 yi…
The Economic Times
Times of IndiaUS stocks today: S&P 500, Nasdaq decline as tech sector falls, US prepares to impose more Iran sanctions
Wall Streets S&P 500 and Nasdaq declined on Monday, dragged down by a sharp sell-off in technology and semiconductor stocks.Investors reacted to fresh U.S. sanctions against Iran, mounting political pushback on AI data centers, and looming market catalysts, including Nvidias earnings and upcoming Fed inflation reports.
Tech drags S&P 500, Nasdaq lower as Iran tensions, Nvidia earnings loom
The S&P 500 and the Nasdaq fell on Monday, dragged by technology stocks, while investors assessed the potential fallout from the U.S. pledge of an "economic D-Day" against Iran and looked ahead to Nvidia's earnings and a key inflation report later this week.
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