Dow Drops 400 Points on Chip Sell-Off, Iran Tensions and 3-Year High Inflation
Lead: U.S. stocks slid on Wednesday as the Dow Jones Industrial Average dropped about 400 points amid a renewed sell-off in semiconductor-linked names, rising geopolitical tensions with Iran and a hotter-than-expected inflation reading for May. Investors also reacted to corporate news flows, including Amazon’s expansion of trucking services and several large premarket earnings and financing … Read more