US Stocks Extend Losses

2026-04-07 16:37 By Andre Joaquim 1 min. read

US stocks fell further on Tuesday as escalating tension in the Middle East magnified concerns of a global energy shock.

The S&P 500, the Dow, and the Nasdaq 100 fell up to 1% before trimming losses.

President Trump escalated threats against Iran to signal aggressive attacks incoming overnight, prompting Tehran to say they cut communication channels and dimming hopes of a deal between both countries.

Tehran continued to impede outflows of tankers from the Hormuz chokepoint.

Tech stocks were sharply lower as the pressure on risk sentiment dented demand for speculative sectors, with Nvidia, AMD, and Micron dropping around 1%, while Tesla fell over 3%.

Meanwhile, Apple slipped 4% on reports from Nikkei that the company sees setbacks in the testing phase of a foldable iPhone.

On the other hand, Broadcom jumped 4.5% after announcing a long-term agreement with Alphabet to supply TPUs.

Also, Intel gained 3% on reports it may sign a deal with xAI for the development of semiconductors.



News Stream
US Stocks Extend Losses
US stocks fell further on Tuesday as escalating tension in the Middle East magnified concerns of a global energy shock. The S&P 500, the Dow, and the Nasdaq 100 fell up to 1% before trimming losses. President Trump escalated threats against Iran to signal aggressive attacks incoming overnight, prompting Tehran to say they cut communication channels and dimming hopes of a deal between both countries. Tehran continued to impede outflows of tankers from the Hormuz chokepoint. Tech stocks were sharply lower as the pressure on risk sentiment dented demand for speculative sectors, with Nvidia, AMD, and Micron dropping around 1%, while Tesla fell over 3%. Meanwhile, Apple slipped 4% on reports from Nikkei that the company sees setbacks in the testing phase of a foldable iPhone. On the other hand, Broadcom jumped 4.5% after announcing a long-term agreement with Alphabet to supply TPUs. Also, Intel gained 3% on reports it may sign a deal with xAI for the development of semiconductors.
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