Good afternoon and welcome to Markets Desk.
Equities finished a mixed session Tuesday with chip stocks doing the heavy lifting on the downside. The Nasdaq one hundred shed more than one percent as semiconductor names dragged, pulling the S and P five hundred down a quarter point, while the Dow managed a slim gain, reflecting just how concentrated the selling pressure was in tech.
Turning to geopolitics, which markets are watching closely, the United States carried out strikes on Iran after Tehran downed an American attack helicopter, with both pilots rescued uninjured. President Trump confirmed the incident, and while risk assets have not yet priced in a full flight-to-safety move, any escalation from here puts energy markets and Treasury yields squarely in focus.
Meanwhile, Super Micro Computer took a sharp hit after announcing plans to raise roughly seven billion dollars in new financing. The dilution concern outweighed the company's bullish commentary on artificial intelligence server demand, reminding investors that even in a strong growth story, tapping capital markets at scale tends to punish existing shareholders in the near term.
That's the tape. Markets Desk, signing off the floor.
