US stocks: S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran

June 22, 2026

US market saw a mixed close as the S&P 500 and Nasdaq dipped, primarily due to tech giants like Alphabet facing investor scrutiny over AI spending. The Dow, however, edged higher, supported by healthcare and industrial gains. Falling oil prices offered some relief, but a hawkish Federal Reserve stance and upcoming inflation data are keeping investors cautious about future rate hikes.

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