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Wall St. stocks close lower as Mideast tensions escalate
Business World Philippines
|June 05, 2026
Wall Street stocks pulled back from record highs on Wednesday as flaring tensions in the Middle East and rising crude prices stoked inflation jitters and convinced investors to take some profits.
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All three major US stock indexes closed in negative territory, dragged lower by financials and tech, with the small-cap Russell 2000 underperforming its larger-cap counterparts.
Chips gained 1.4%, indicating the artificial intelligence fervor is alive and well. Even so, six of the Magnificent Seven group of artificial intelligence (AI)-related megacaps ended lower. Meta Platforms was the sole gainer, rising 4.2%.
The S&P Software & Services index, battered in recent months by fears of AI disruption, slid 4%.
Esta historia es de la edición June 05, 2026 de Business World Philippines.
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