11/06/2026
Big Bang Theory date nights funniest moments and clips Finance: Geopolitical Jitters Spark a Sharp Tech and Semiconductor Correction
Wall Street experienced a dramatic tech sector sell-off as escalating tensions between the U.S. and Iran sent shockwaves through global markets. Driven by fears of prolonged shipping blockades in the Strait of Hormuz and a sudden spike in crude oil prices to $90 a barrel, major indexes plunged over 1%, dragging the S&P 500 technology sector into official correction territory—down 11% from its recent record highs. High-flying semiconductor stocks bore the brunt of the damage, with industry giants like Nvidia and Broadcom dropping 3.6% in a single session. Financial analysts note that while the pullback feels severe, it represents a healthy resetting of expectations for artificial intelligence valuations that had grown heavily stretched over the first half of the year.