Finance

Wall Street indices opened lower today as renewed military strikes between the U.S. and Iran dampened investor sentiment. The Nasdaq led losses with a 0.65% decline at the bell, while the S&P 500 and Dow Jones also retreated as geopolitical instability overshadowed a largely as-expected inflation report.

High-growth technology and AI-related stocks remain under selling pressure as markets recalibrate for a tighter monetary policy environment. Concerns over stretched valuations and the potential for a Federal Reserve rate hike by October have led to notable declines in major semiconductor names like Nvidia and Broadcom.

U.S. Treasury yields remained relatively steady on Wednesday after the latest Consumer Price Index data met economist expectations. The benchmark 10-year note traded near 4.53% as investors assessed that while inflation remains elevated, the figures did not immediately shift the near-term outlook for the Federal Reserve's June policy meeting.