US stocks fall on Iran tensions and Nvidia outlook
U.S. stocks declined significantly amid escalating economic pressures on Iran and rising inflation levels, as the Trump administration announced the expansion of secondary sanctions on entities dealing with Iran. This led to a drop in shares of semiconductor and technology companies like Nvidia and Micron Technology, while major market indices remained relatively stable with limited changes. Markets are also awaiting Nvidia's earnings results and upcoming inflation reports, which will influence Federal Reserve interest rate policies. Additionally, the yield on the 30-year U.S. Treasury bond reached its highest level in 19 years amid concerns over inflation and public debt, with expectations of a 25 basis point interest rate hike by the end of the year.
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