The S&P 500 and Nasdaq indexes fell on Tuesday as a rebound in technology shares faded.

Synopsis U.S. stocks fell Tuesday as technology shares reversed earlier gains amid renewed selling pressure. President Trump's vow to respond to Iran shooting down a U.S. helicopter added to Middle East war concerns. Investors also eyed upcoming inflation data and the highly anticipated SpaceX IPO. Listen to this article in summarized format Loading... × The S&P 500 and Nasdaq indexes fell on Tuesday as a rebound in technology shares faded and as President Donald Trump said the U.S. must react to Iran's shooting down of a U.S. ‌helicopter. Trump wrote in ⁠a ⁠social media post that Iran had shot down the U.S. Apache helicopter that was patrolling the Strait of Hormuz overnight, and vowed to respond, which added to doubts about prospects for a truce in the Middle East war. The Cboe Volatility Index hit its highest level since April 7 during the session as stocks sold off. S&P 500 Top Gainers Intel110.27(11.19%) Micron Technology949.28(9.87%) KLA2,108(9.27%) Applied Materials492.17(8.64%) S&P 500 Top Losers Coterra Energy32.56(-8.62%) Kellanova36.50(-8.18%) Akamai Technologies141.87(-4.99%) Hershey175.90(-4.70%) Technology stocks resumed Friday's selloff following a bounce on Monday. The S&P 500 tech index fell more than 4% before paring losses. The Philadelphia SE Semiconductor Index dropped as much as 8.6% after ⁠rising 3% ‌in early trading. "When the bounce ran its course this morning, the tape came for sale more broadly. There's also a rotation going on ... so part of it is more of ⁠a momentum unwind," said Michael O'Rourke, chief market strategist at JonesTrading in Stamford, Connecticut. The Russell 1000 value index outperformed the growth index. Live Events Also Read | US stocks: SpaceX IPO demand is approaching four times oversubscribed, source says Trump's post also briefly "created another leg down," O'Rourke said. In addition, investors may be worried ahead of inflation data and a highly anticipated SpaceX IPO later this week. According to preliminary data, the S&P 500 lost 20.25 points, or 0.27%, to end at 7,385.48 points, while the Nasdaq Composite lost 254.47 points, or 0.98%, to 25,675.19. The Dow Jones Industrial Average rose 84.28 points, or 0.14%, to 50,857.58. Consumer price data for May could offer fresh clues ‌on how the rise in energy prices, driven by the Iran war, is impacting inflation. The data is due on Wednesday. SpaceX's market debut on Friday could also be a hurdle for U.S. stocks as investors worry ⁠about possible overexuberance among high-growth technology stocks. Elon Musk's SpaceX is aiming to raise $75 billion and targeting a valuation of $1.75 trillion, the most ever for an IPO. Some strategists have said investors are potentially booking profits in the high-flying semiconductor stocks to make room for SpaceX in their portfolios. Technology and AI-linked stocks sold off sharply on Friday after Broadcom's disappointing forecast fueled concerns about high valuations in the sector, particularly in chipmakers, which have rallied sharply this year. The semiconductor index remains up more than 70% for the year so far. (You can now subscribe to our ETMarkets WhatsApp channel) (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price ...moreless (You can now subscribe to our ETMarkets WhatsApp channel) (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price ...moreless How new securities law changes the definition of depositories To cut or not to cut: What happens to Air India free-meals as losses swell Different eras, but current rupee slide has elements of 1991 crisis Melting mountains: Can India defuse 189 looming flood risks in Himalayas? Wafers to war: Vinay Dube on how Iran crisis is hitting Akasa India's new GDP yardstick: What changed, what did not, and what every investor should now read differently 1 2 3

ALSO REPORTED BY · 1 SOURCE

China's wholesale prices rose at the fastest pace in nearly four years in May.

Trump Media & Technology Group (DJT) has drawn fresh attention after recent share price swings.

On June 9, 2026, the tech-heavy Nasdaq Composite plunged 2.17%, losing more than 560 points as AI and semiconductor stocks extended their sell-off.