Technology and small-cap stocks led declines as rising bond yields and Middle East tensions weighed on investor sentiment.
Major US stock indices closed lower as rising global bond yields, geopolitical risks in the Middle East, and inflation concerns pressured markets. The NASDAQ fell 0.84%, while the Russell 2000 dropped 1.01%, underperforming broader benchmarks.
The S&P 500 declined 0.67%, and the Dow Jones Industrial Average closed 0.65% lower. Both indices held above their 100-hour moving averages, with the NASDAQ finding support near 25,800.58. A break below these levels could signal further downside.
Shake Shack surged 7.38%, rebounding from 2023 lows, while Chewy and Roblox lagged among individual stocks. Verizon led Dow gainers, while Cisco was the weakest performer.