The Economic Times

Why is US stock market down today? Dow Jones, S&P 500 and Nasdaq fall as inflation hits three-year high and Iran tensions shake Wall Street - Nvidia, Amazon and technology stocks leading today's decline

US stock market is under pressure again. Investors woke up to another sharp decline in the Dow Jones, S&P 500 and Nasdaq after fresh inflation data reminded Wall Street that the fight against rising prices is far from over. The Dow Jones Industrial Average dropped more than 450 points, falling below 50,450 during morning trading. The S&P 500 slipped over 40 points, while the Nasdaq lost nearly 200 points as technology stocks once again led declines. At the same time, the VIX volatility index jumped almost 7%, signaling growing fear among investors.