US stocks fluctuate amid tech decline

Major technology stocks declined in the American markets, with Amazon, Meta, and Nvidia falling after Alphabet's shares dropped by about 5%. The Dow Jones Industrial Average rose by more than 0.2%, but the S&P 500 declined by 0.4%, while the Nasdaq dropped by 1.3%. Markets are closely watching the progress of the US-Iran peace talks, as Iran announced "encouraging progress" in negotiations aimed at reaching a final agreement within 60 days, helping to ease fears of a potential military escalation. Additionally, markets are awaiting US inflation data for the Personal Consumption Expenditures (PCE) index for May, amid ongoing discussions about the possible continuation of interest rate hikes.

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