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S&P 500 Falls 0.3%, Nasdaq 100 Drops 1.1% on Tuesday Amid Tech Stock Reassessment

Indices Commodities

2026-06-09 22:13:51

US5000.19%

On Tuesday, the S&P 500 fell 0.3% to 7,386.65, while the Nasdaq 100 dropped 1.1% to 29,084.50, as investors reassessed risks in mega-cap technology stocks. The decline marked the second consecutive session of losses, driven by concerns over sky-high valuations in AI and semiconductor sectors and expectations of potential Federal Reserve interest rate hikes following strong jobs data. The Dow Jones Industrial Average rose 0.2% to 50,872.11. Meanwhile, oil prices eased 3.4% to $88.20 per barrel following positive remarks on U.S.-Iran negotiations.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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