The broad U.S. equity index erased earlier gains and slipped into the red as selling in technology shares added pressure during a worsening geopolitical backdrop.
The S&P 500 gave up all of its earlier gains and turned negative on the day as the Iran war escalated and technology stocks declined. The move points to a broader risk-off shift in markets, where investors pull back from equities as geopolitical tensions rise and heavyweight growth shares come under pressure.