Semiconductor manufacturers bore the brunt of the session's losses, dragging the tech-heavy index down while energy firms provided a rare buffer for the Dow. The market pivot arrives as Wall Street prepares for a heavy calendar of corporate disclosures, with major financial institutions including Bank of America and JPMorgan set to headline the start of the second-quarter earnings season.
Beyond the immediate geopolitical friction, traders are bracing for testimony from Kevin Warsh before Congress. The combination of potential interest rate hikes from the Federal Reserve and the uncertainty surrounding energy supplies has created a volatile environment for equities, stalling the recent momentum of the broader U.S. market.
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