All three major US stock indexes closed sharply lower, with plunging chip stocks dragging the tech-laden Nasdaq down by its largest one-day percentage loss since last year.

Wall Street closed lower as Middle East tensions and rising oil prices triggered inflation concerns and profit booking. Financials and tech stocks led declines, though chipmakers…

Stocks are sinking on Wall Street as big technology companies lost ground and weighed down the broader market

Fears of an interest rate increase has unsettled investors