European markets experienced a significant downturn, with the STOXX 600 index sliding due to escalating energy inflation fears stemming from the U.S.-Iran tensions. Rising costs are impacting consumer and producer prices, prompting expectations of interest rate hikes. Economically sensitive sectors and defence stocks bore the brunt of the sell-off, despite some positive corporate news.
US stocks: S&P 500, Nasdaq fall as tech selling resumes, Trump vows to react to downed US helicopter
U.S. stocks fell Tuesday as technology shares reversed earlier gains amid renewed selling pressure. President Trump’s vow to respond to Iran shooting down a U.S.