US Stocks Slump After Fresh Sell-Off In Tech Stocks; Nasdaq Down Over 1%

Wall Street Dips Amid Tech Sell-Off and Geopolitical Tensions

Major stock indices on Wall Street experienced a downturn, primarily driven by a sell-off in technology shares and rising tensions between the U.S. and Iran. Despite inflation figures aligning with forecasts, investor sentiment took a hit as they reevaluated the valuations of AI-related stocks. The combination of geopolitical uncertainties and fears of sustained high interest rates contributed to the overall market slump.