US Stocks: S&Amp;P 500, Nasdaq Close Lower, Dragged By Alphabet And Megacap Tech; Focus On Iran

Market Update: Tech Giants Weigh Down S&P 500 and Nasdaq

The US stock market wrapped up the day with a mixed performance, as the S&P 500 and Nasdaq experienced declines largely influenced by concerns surrounding tech behemoth Alphabet's investments in artificial intelligence. In contrast, the Dow Jones Industrial Average managed to gain ground, buoyed by positive movements in the healthcare and industrial sectors.

While dropping oil prices provided a glimmer of hope for investors, a hawkish tone from the Federal Reserve and the anticipation of forthcoming inflation data have left many feeling wary about potential interest rate hikes in the near future.