How U.S.-Iran tensions and Broadcom guidance drove Dow down 1.21% and tech lower — Market Wrap Jun 4, 2026

7horns.ai Daily Briefing EN · Jun 4, 2026 · 4m

Today's AI insights from 7horns.ai reveal a sharp 1.21% drop in the Dow Jones Industrial Average, marking the worst session in recent weeks and ending the S&P 500's nine-day winning streak. Renewed U.S.-Iran geopolitical tensions fueled a surge in oil prices, triggering a flight-to-safety bid in gold, which rose 0.6% in pre-market. Technology stocks faced significant pressure following disappointing guidance from Broadcom, contributing to Nasdaq underperformance with Nvidia falling 3.62% yesterday and extending losses this morning. Despite the broader sell-off, Meta bucked the trend, surging…