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U.S. stocks fall on Iran, Nvidia, inflation
The U.S. stock markets declined, particularly in the technology sector, due to economic pressures on Iran, expectations for Nvidia's earnings results, and the upcoming inflation report. The Trump administration imposed additional sanctions on entities dealing with Iran, further escalating pressure on Tehran, with Nvidia's stock dropping by 2.3% and Micron Technology declining by 5.6%. Conversely, the financial services sector rose by 1%, supported by the Dow Jones Industrial Average, which increased by 77.53 points. Additionally, U.S. 30-year bond yields climbed to their highest level in 19 years, reflecting inflation concerns, ahead of Wednesday's Personal Consumption Expenses report, which will determine the Federal Reserve’s future policy direction.
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