U.S. equities fell as semiconductor stocks declined and geopolitical risks escalated following U.S.-Iran military strikes.
U.S. stocks closed lower on Monday, with the S&P 500 shedding 0.8% and the Nasdaq underperforming amid a pullback in technology shares. The decline coincided with rising tensions in the Middle East after the U.S. and Iran exchanged military strikes over the weekend.
The selloff in chip stocks weighed on the broader market, extending losses seen in recent sessions. Prior to Monday’s drop, the S&P 500 had posted modest gains for the week, while the Nasdaq remained volatile amid shifting expectations for Federal Reserve policy.
No immediate market reaction data was provided, but geopolitical risks and sector rotation likely contributed to the session’s weakness.