Woofun AI reports that US equity markets declined for the third consecutive trading day, driven by escalating Middle East tensions and upcoming earnings from major technology firms. The Dow Jones Industrial Average decreased by 0.59%, the S&P 500 dropped by 0.19%, and the Nasdaq Composite fell by 0.05%, with both the S&P 500 and Nasdaq 100 closing below their 50-day moving averages.

Geopolitical risks intensified as US military operations in Iran continued for a tenth day, while Houthi forces blocked Red Sea shipping lanes. In the semiconductor sector, selling pressure eased temporarily; the Philadelphia Semiconductor Index rose over 3% before settling up approximately 0.6%. Optical communication and storage stocks also posted gains, with Credo Technology rising 4.63% and SanDisk increasing 2.67%.