US Stock Market Updates: S&P 500, Nasdaq fall with focus on Trump Iran decision, Fed rate cuts, China chip tensions

Wall Street updates: US stocks largely dropped on Friday as investors weighed future Fed interest rate cuts and rising Middle East tensions. The S&P 500 declined 0.22%, while the Nasdaq Composite dropped 0.51%. The Dow Jones Industrial Average ticked up 35.16 points, or 0.08%. Chip stocks declined after reports the US may revoke waivers for some semiconductor firms, with Nvidia, Broadcom, and TSMC all down. The VanEck Semiconductor ETF fell 1%. Markets initially rose after Fed Governor Christopher Waller suggested rate cuts could begin as early as July, contrasting with Fed Chair Jerome Powell’s earlier caution about staying data-dependent amid uncertainty over Trump’s tariffs. Catch all the highlights here with CNBC-TV18's blog

Wall Street updates: US stocks largely dropped on Friday as investors weighed future Fed interest rate cuts and rising Middle East tensions. The S&P 500 declined 0.22%, while the Nasdaq Composite dropped 0.51%. The Dow Jones Industrial Average ticked up 35.16 points, or 0.08%. Chip stocks declined after reports the US may revoke waivers for some semiconductor firms, with Nvidia, Broadcom, and TSMC all down. The VanEck Semiconductor ETF fell 1%. Markets initially rose after Fed Governor Christopher Waller suggested rate cuts could begin as early as July, contrasting with Fed Chair Jerome Powell’s earlier caution about staying data-dependent amid uncertainty over Trump’s tariffs. Catch all the highlights here with CNBC-TV18's blog