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🚨 📉 Wall Street Turns Red: Trump Announces Blockade of Iran and drags Technology Stocks

Black Monday for the tech sector. U.S. shares fell, dragged down by tech stocks, after President Donald Trump announced the restoration of the blockade on Iranian ports in the Strait of Hormuz. This sent oil prices soaring and hit investors’ appetite for risk.

📊 Index close:

📉 Nasdaq Composite: Dropped 1.6% to 25,873 points.

📉 S&P 500: Fell 0.8%, closing at 7,515 points.

📉 Dow Jones: Slipped a modest 0.3% to 52,498 points, cushioned by a rebound in energy stocks amid the rise in crude.

🔌 Semiconductor sector, the hardest hit:

The Philadelphia semiconductor index led the losses. Giants like SanDisk, Marvell Technology, and Intel saw plunges ranging from 6.1% to 12.6%.
Meanwhile, South Korean SK Hynix shares fell 9.3% in New York, a sharp correction after debuting last Friday on the Nasdaq with a spectacular 12.7% rally.

💬 Do you think this geopolitical conflict will slow the rally that semiconductor and AI companies had been experiencing? Share your opinion below! 👇🔥
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