Major US stock markets experienced a significant drop on Wednesday. Chipmaker stocks continued their decline, while new tensions between the US and Iran added to investor worries. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all saw substantial losses. Investors are also considering potential interest rate hikes and taking profits in the tech sector.
US market indexes fall over 1%, dragged by tech and Iran war worries
Major US stock markets experienced a significant drop on Wednesday. Chipmaker stocks continued their decline, while new tensions between the US and Iran added to