S&P 500 Dips as Trump's Comments Exacerbate US-Iran Tensions

The S&P 500 index closed lower on Wednesday after US President Donald Trump's comments at a NATO summit exacerbated tensions between the US and Iran.

Trump declared an interim deal with Iran to be 'over', hinting at potential strikes, which unsettled investors who hoped for diplomatic resolutions amid ongoing global conflict.

The technology sector was particularly hard hit, with stocks like Microsoft, Amazon, and Alphabet seeing declines that dragged down the market.

Broadcom, however, rose significantly on news of a major chip-supply agreement with Apple.