U.S. equities close sharply lower as risk aversion intensifies across global markets. The S&P 500 falls 0.95%, erasing roughly $580 billion in market value, while the Nasdaq Composite drops 2.4%, wiping out about $1 trillion. The Russell 2000 declines 2%, losing approximately $64 billion.
Technology stocks lead the downturn as selling pressure accelerates alongside weakness in crypto markets and rising geopolitical tensions between the U.S. and Iran. Shares of AMD plunge 17%, Palantir drops 14%, and Micron falls 12%. Broadcom slides 8%, while Nvidia, Tesla, and Intel each lose about 5%.
The Nasdaq 100 ends the day down roughly 2.2%, underscoring heavy losses across large-cap growth names. The move highlights growing sensitivity to cross-asset volatility and geopolitical risk.
