Wall Street drops on tech losses

U.S. Wall Street indices slightly declined due to losses in technology stocks, amid expectations that the United States and Iran will reach potential de-escalation agreements. The energy and alternative asset sectors saw gains, while investors are closely watching inflation data and its impact on monetary policy. Strong earnings results and optimistic outlooks regarding artificial intelligence are supporting the markets, although some stocks are affected by company-specific news. Overall, market expectations remain cautious ahead of upcoming inflation reports.

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