Geopolitics, economics, and valuations were top of mind for investors on Wednesday, with re-escalating U.S.-Iran tensions, heating up inflation data, and more heavy selling in the AI/Tech trade combining to pressure the markets to close at or near session lows. For the first time in three weeks, Dow Industrials is back below 50,000 level with a 1.9% drop, S&P 500 fell 1.6% to five-week lows, while Nasdaq Composite also made new five-week lows with the most pronounced 2% retreat. Industrials, Basic Materials, and Tech were the worst performing sectors in the benchmark as defensive areas like Consumer Staples and Utilities fared better, though there were few places to hide. Among the notable losers, Super Micro (SMCI) was slammed by nearly 30% in the wake of its equity offering announced last night, though there was also plenty of heavy selling in Industrials. Casey’s General (CASY) was the standout among the gainers following its strong earnings overnight and consumer defensive sector position. Introducing TipRanks MCP for Agents Deliver institutional-grade market data directly into Claude, ChatGPT, Cursor, and other MCP-compatible AI tools. Designed for personal research, portfolio monitoring, and AI-assisted investment workflows.