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Wall Street falls on tech stock decline
The Standard & Poor's 500 index declined slightly by 0.28% to 7,652.96 points, amid declines in major technology stocks, especially semiconductor companies like MicroTech and AMD, which fell by more than 3-5%. Additionally, yields on 10- and 30-year U.S. Treasury bonds decreased following a report that indicated the Treasury Department used its account to finance bond repurchases, with the 30-year bond yield reaching levels not seen in nearly 20 years, at 5.216%. This came alongside investor concerns about the ongoing war between the United States and Iran, and rising oil prices, which could increase inflation and impact financial markets.
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