S&P 500, Nasdaq, Dow Drop As US-Iran War Jitters, Inflation Risk Spur Tech Selloffs — SMCI, AMZN, OPEN, SEGG, TSLA In Focus
U.S. stocks fell Wednesday as renewed US-Iran war jitters and inflation concerns pressured tech. The S&P 500 fell 1.6%, Nasdaq 2.0%, Dow 1.9%, and Russell 2000 1.1%. SPY and QQQ dropped about 1.7% and 2.3%. CPI rose 4.2% y/y in May. SMCI sank 29% on a $7B financing plan; AMZN, OPEN, SEGG, and TSLA were also in focus.


