Woofun AI reports that US stock markets declined broadly, with the Nasdaq Composite dropping over 1.3% as technology shares led the sell-off. Sandisk shares fell 12.28%, while Western Digital and Seagate Technology both declined by more than 6%. Micron dropped 5.53%, SK Hynix fell 7.6%, Intel decreased by over 6%, and SpaceX shares slid 4.36%.

In related developments, Donald Trump announced the immediate resumption of sanctions on Iran, including a 20% fee on goods transportation. Federal Reserve Governor Christopher Waller stated that the Fed may consider raising interest rates soon if core inflation data remains elevated this week. He cited tariffs, rising energy prices, and AI investment demand as key drivers of recent inflationary pressure.