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US stocks fall on tech and Strait concerns
The U.S. stock markets generally declined, affected by losses in the technology sector and escalating tensions in the Middle East, especially with the ongoing closure of the Strait of Hormuz, which raises concerns about oil supplies. The S&P 500 index fell by 0.3%, the Nasdaq by 0.6%, and the Dow Jones by approximately 184 points. The technology and communications services sectors were significantly impacted, with major companies like Alphabet and Apple experiencing declines due to geopolitical tensions and restructuring of AI divisions. Meanwhile, oil prices increased by about 1.3% and 1.4%, driven by the ongoing crisis, as Iranian officials confirmed there is no intention to reopen the strait until Tehran's demands are met. Observers note that upcoming inflation data will likely influence the Federal Reserve's decisions regarding interest rates.
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