{"id":235921,"date":"2026-06-23T12:43:00","date_gmt":"2026-06-23T16:43:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/06\/23\/stock-market-news-sharp-drop-in-big-tech-pulls-the-nasdaq-down\/"},"modified":"2026-06-23T13:05:32","modified_gmt":"2026-06-23T17:05:32","slug":"stock-market-news-sharp-drop-in-big-tech-pulls-the-nasdaq-down","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/06\/23\/stock-market-news-sharp-drop-in-big-tech-pulls-the-nasdaq-down\/","title":{"rendered":"Stock market news: Sharp drop in Big Tech pulls the Nasdaq down"},"content":{"rendered":"<p><a href=\"https:\/\/www.bnnbloomberg.ca\/markets\/dow-jones\/2026\/06\/23\/sharp-drops-in-big-tech-companies-pull-stocks-lower-on-wall-street\/\">Stock market news: Sharp drop in Big Tech pulls the Nasdaq down<\/a><\/p>\n<p><a href=\"https:\/\/www.bnnbloomberg.ca\/markets\/dow-jones\/2026\/06\/23\/sharp-drops-in-big-tech-companies-pull-stocks-lower-on-wall-street\/\">https:\/\/www.bnnbloomberg.ca\/markets\/dow-jones\/2026\/06\/23\/sharp-drops-in-big-tech-companies-pull-stocks-lower-on-wall-street\/<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-06-23 12:43:00<\/a><\/p>\n<p>Source Domain: <a href=\"www.bnnbloomberg.ca\">www.bnnbloomberg.ca<\/a><\/p>\n<p>Here are the key points from the article on BNN Bloomberg&#8217;s coverage of Wall Street stock market dynamics:<\/p>\n<ul>\n<li>\n<p><strong>Wall Street Decline<\/strong>: Stocks on Wall Street fell on Tuesday, driven primarily by a sell-off in big technology stocks following declines in Asian markets, as concerns rise over potentially higher interest rates by year&#8217;s end.<\/p>\n<\/li>\n<li>\n<p><strong>S&amp;P 500 Performance<\/strong>: The S&amp;P 500 dropped by one percent but maintained an upward trend with 11 weekly gains out of the last 12 weeks, mainly due to technology stocks.<\/p>\n<\/li>\n<li>\n<p><strong>Technology Stocks Impact<\/strong>: Technology stocks, especially those heavily invested in artificial intelligence, are major weights on the market; Micron Technology and Samsung Electronics saw significant drops.<\/p>\n<\/li>\n<li>\n<p><strong>Interest Rates Expectation<\/strong>: The probability of interest rate hikes this year is leading to a decline in tech stocks. Market speculation suggests an 85% chance that the Federal Reserve will raise rates.<\/p>\n<\/li>\n<li>\n<p><strong>Inflation Concerns<\/strong>: Inflation continues to be a significant issue, with consumer prices rising 4.2% in May year-over-year, the highest in three years.<\/p>\n<\/li>\n<li>\n<p><strong>Treasury Yield Movements<\/strong>: Bond yields for the 10-year and 2-year Treasury decreased slightly as of Monday evening, yet remained high due to inflation concerns.<\/p>\n<\/li>\n<li>\n<p><strong>Energy Prices<\/strong>: Although oil prices have slightly decreased due to negotiations between the U.S. and Iran, they remain elevated from pre-war levels.<\/p>\n<\/li>\n<li>\n<p><strong>Global Market Reactions<\/strong>: Major markets in Asia and Europe experienced falls, highlighting broader global market sensitivity to technology sector and economic growth concerns.<\/p>\n<\/li>\n<\/ul>\n<p>These points reflect the major trends and concerns influencing the stock market as reported by BNN Bloomberg.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stock market news: Sharp drop in Big Tech pulls the Nasdaq down https:\/\/www.bnnbloomberg.ca\/markets\/dow-jones\/2026\/06\/23\/sharp-drops-in-big-tech-companies-pull-stocks-lower-on-wall-street\/ Publish Date:&#8230;<\/p>\n","protected":false},"author":1,"featured_media":235922,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.bnnbloomberg.ca\/resizer\/v2\/HFZHUJGITXKDZSL36SHTNVJM44.jpg?smart=true&auth=59663adac6fe7280edfe0fea326bf62d0f29e1393eb709046e37683a139862d5&width=1200&height=630","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[20],"class_list":["post-235921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","tag-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/235921"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=235921"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/235921\/revisions"}],"predecessor-version":[{"id":235923,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/235921\/revisions\/235923"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/235922"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=235921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=235921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=235921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}