Nvidia Dragged Down Tech Stocks Amid Iran Tensions and Market Fears

The S&P 500 and Nasdaq fell on Monday due to tech stocks' decline.

Investors assessed the potential fallout from the U.S. pledge of an 'economic D-Day' against Iran and looked ahead to Nvidia's earnings and a key inflation report later this week.

Chip stocks, including Nvidia, Micron Technology, and Broadcom, sold off by 2.03%, 5.76%, and 1.74% respectively, pressuring the S&P 500 Information Technology index.

Financials gained 1.19%, with JPMorgan Chase up 1.49% and Visa adding 2.64%, helping keep the blue-chip Dow afloat.