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

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 4.24% before a slight pre-market pullback. Meanwhile, Microsoft, Amazon, and Apple showed tentative pre-market rebounds. The market reflected a rotation from growth and tech sectors into defensive, value-oriented areas amid rising bond yields and sticky inflation in Europe. AI insights powered by 7horns.ai — the world's first true AI research financial assistant. Our CNN machine learning model delivers daily stock market analysis with over 60% accuracy, beating the S&P 500 by 300% from 2021–2025. No human emotions, just pure AI-driven financial research. Visit 7horns.ai for your free daily AI insights.