Tech stocks dragged Wall Street lower as escalating US Iran tensions and a renewed blockade lifted oil prices and dented risk appetite. Nasdaq led losses amid chip stock weakness, while energy shares supported the Dow. Investors now await Fed Chair Warsh testimony, inflation data and big bank earnings for directional cues.

Wall Street opened lower on Monday as rising tensions between the US and Iran pushed oil prices higher, dampening investor sentiment. The Nasdaq and S&P 500 declined amid pressure…

SK Hynix falls after Friday's strong debut; memory chip makers lead losses on S&P 500

Tech stocks dragged Wall Street lower as escalating US Iran tensions and a renewed blockade lifted oil prices and dented risk appetite. Nasdaq led losses amid chip stock weakness,…

The S&P 500 lost 0.79 per cent, while the Nasdaq Composite lost 1.55 per cent, to 25,873.18. Read more at straitstimes.com. Read more at straitstimes.com.

SK Hynix falls after Friday's strong debut

Oil prices rallied by more than 9% after US-Iran geopolitical escalation, Saudi-Yemen strikes, while Trump announced to reinstate the blockade and that the US would hit Iran very…