India, May 15 -- Wall Street lost momentum on Friday as investors reacted to rising geopolitical tensions, elevated oil prices and renewed fears over inflation while markets that had recently surged on enthusiasm surrounding artificial intelligence and mega-cap technology stocks suddenly turned cautious after US President Donald Trump signaled a tougher stance on Iran following his summit with Xi Jinping.
Technology stocks led the decline, Treasury yields climbed to yearly highs and oil prices swung sharply as traders monitored the possibility of disruption around the Strait of Hormuz, one of the world's most critical energy routes.
U.S. Market Snapshot
Dow Jones
The Dow Jones Industrial Average slipped more than 380 points as industria...