US stocks closed lower for the third session in a row amid pressures from the technology sector and rising bond yields

Wall Street closed lower on Tuesday, with semiconductor stocks leading losses in the technology sector, after uncertainty in the Middle East pushed bond yields to multi-year highs, stoking concerns about borrowing costs and inflation. At the end of the session, the S&P 500 index fell by 0.69%, or 52 points, to 7,691 points, while the Nasdaq Composite index fell by 1.33%. Or the equivalent of 355 points, to close at 26,289 points.

The Dow Jones Industrial Average fell 116 points, or 0.22%. To 53343 points. Bond yields The decline in hopes for peace in the Middle East led to a rise in oil prices, which in turn pushed the yield on 30-year US Treasury bonds to their highest level since 2007. The 10-year bond yield also touched its highest level since January 2025. The Philadelphia Semiconductor Index (Philadelphia SE Semiconductor Index) fell, with...

Investors in stocks that had risen earlier supported by the booming demand associated with artificial intelligence. Higher borrowing costs reduced the amount investors were willing to pay for earnings growth expectations in the technology sector. The greatest pressure on the index came from the shares of chip companies, including Nvidia and Micron Technology, which specializes in memory chips, as the shares of the two companies fell on Tuesday after rising by about 18%.

During the previous five sessions. Investors are awaiting corporate results scheduled to be released later this week from other retail companies, including Walmart, which is an important indicator of the performance of the retail sector. Minutes from the US Federal Reserve's July meeting, scheduled for release on Wednesday, are expected to provide further indications of how the central bank assesses the current economic environment. Investors believe that the report

NVIDIA's upcoming quarterly results will be the next big test for the momentum-driven bull run associated with artificial intelligence.

The price of Ripple (XRP), Ripple's digital currency, fell below the immediate support level of $1.00 on Tuesday, as investors took stock of escalating tensions in the Middle East.

The Arabian Drilling Company, the largest drilling company in the Kingdom of Saudi Arabia in terms of volume, announced

Fleet, announced the signing of a contract with a new client in one of the Gulf Cooperation Council countries, to expand the company’s regional presence.

Retal Urban Development Company announced that its 80% owned subsidiary (Construction and Construction Company Limited) has signed a contract with Remal Park Fund (an associated company) to carry out design and construction services for the Remal Business Court project in the city of Al-Khobar, without any preferential terms or benefits.