US Stocks Weaken Amid Ongoing Tech Selloff and Geopolitical Tensions
The S&P 500 declined 0.07% on Monday, weighed down by weak AI-linked tech stocks. Investors are monitoring Home Depot earnings and geopolitical developments, including Trump's Iran remarks.
US equities weakened on Tuesday as a continued slide in megacap technology stocks compounded investor anxiety over geopolitical flashpoints in the Middle East and US-China trade. The Nasdaq Composite led declines, with chip and AI infrastructure names under heaviest pressure ahead of NVDA's after-hours earnings print.
Defensive sectors like consumer staples and utilities held up better, and KO tagged a fresh record on analyst upgrades, a textbook rotation pattern when growth multiples compress. Treasury yields drifted lower on the safe-haven bid, while the dollar strengthened against most G10 peers.
Near-term direction now hinges on three catalysts: Nvidia's guidance tone tonight, any follow-through from yesterday's reported Trump pullback on Iran action, and Fed commentary later this week. A weak Nvidia number could deepen the AI-trade unwind and pull broader indices materially lower.
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