Tradingkey – On June 10, the U.S. May CPI hit a three-year high, and combined with Trump’s new threats of military action against Iran, these factors dampened market sentiment. All three major U.S. stock indices closed lower, with technology stocks broadly underperforming.

The Dow Jones Industrial Average fell 1.87% to 49,918.78; the S&P 500 dropped 1.62% to close at 7,266.99; the Nasdaq Composite fell 1.98% to 25,169.5.

Semiconductor stocks underperformed the broader market overall, with the Philadelphia Semiconductor Index dropping 3.6%. Qualcomm (QCOM) fell nearly 7%, Broadcom (AVGO) dropped more than 5%, and Nvidia (NVDA) fell nearly 4%; Supermicro (SMCI) plummeted 28% after announcing an equity financing plan; Following its earnings…