Market Turmoil: Tech Stocks Tumble Amid U.S.-Iran Tensions

U.S. stock markets dropped over 1% due to tech stocks falling and escalating U.S.-Iran tensions. The semiconductor index, especially Nvidia and Broadcom, weighed on the S&P 500. Volatility increased as investors anticipated higher interest rates and profited from tech stocks. The Federal Reserve's rate decisions and geopolitical issues remain focal.

On Wednesday, major U.S. stock indexes fell over 1% as shares of chipmakers declined further, compounded by renewed tensions between the U.S. and Iran.

Nvidia and Broadcom, significant contributors to the semiconductor sector, led the downturn on the S&P 500. President Trump's vow of a hard strike on Iran escalated geopolitical tensions after a major exchange of fire in the Middle East.

As volatility surged, investors continued offloading tech stocks in anticipation of higher interest rates and ongoing conflict, pivoting towards sectors like healthcare and real estate.