S&P 500, Nasdaq Fall on Alphabet, Megacap Tech; Iran
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- S&P 500 and Nasdaq closed lower, dragged down by Alphabet and other megacap tech names, per Reuters and Yahoo Finance headlines.
- Yahoo Finance added that SpaceX was also hammered in the session, framing the slide as a Big Tech selloff.
- The Reuters headline flagged that market focus shifted to Iran, suggesting geopolitical concerns were part of the trading picture.
Why it matters: When megacap tech — the index's heaviest weights — sell off, the S&P 500 and Nasdaq move with them; Alphabet leading the decline means a single company's drag shaped the entire session. The added mention of Iran as a market focus point suggests geopolitical risk re-entered traders' calculus alongside the tech rout.
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