Good evening, this is Markets Desk with your closing bell rundown.
Equities closed in the red Tuesday as chip stocks dragged the major indexes lower. The S&P five hundred shed nearly half a percent, but the Nasdaq one hundred bore the real weight, falling close to one point eight percent as semiconductor names led the retreat across the technology sector.
Feeding directly into that pressure, Amazon moved to raise twenty-five billion dollars in new debt, rattling the AI infrastructure bond market in the process. Existing paper tied to the artificial intelligence buildout sold off sharply as investors repriced the supply risk. When the biggest names in cloud keep tapping credit markets at this scale, spreads widen and sentiment follows.
And the macro backdrop grew considerably more complicated after the United States launched what officials described as powerful strikes against Iran over attacks on shipping in the Strait of Hormuz. Crude surged on the news, adding another layer of uncertainty to an already fragile risk environment. The dollar firmed as well, lifted by both the flight-to-safety bid and hawkish remarks from New York Fed President John Williams, who signaled inflation remains too elevated to ease policy anytime soon.
That's the tape. Markets Desk, signing off the floor.
