Iran War Affect

Adding to Monday's generally positive tone, the U.S.-Iran ceasefire held even as the two sides remained at an impasse on holding more negotiations aimed at a permanent peace.While $Crude Oil Futures (JUN6) (CLmain.US)$ rose 2.4% to $96.68 a barrel on the New York Mercantile Exchange at last check on Iran's continued moves to block oil tankers from using the Strait of Hormuz, that wasn't enough to send Wall Street broadly lower.Still, some large techs did pull back from the records or significant gains that they saw on Friday or in recent days.For example, $Arm Holdings (ARM.US)$ lost 8.1% after setting a record high on Friday, while $Advanced Micro Devices (AMD.US)$ gave back 3.8% from Friday's best-ever levels.Other Big Techs to lose significant ground Monday included $Applied Optoelectronics (AAOI.US)$ (10.1% lower), $Credo Technology (CRDO.US)$ (7.5% weaker), $Corning (GLW.US)$ and $IREN Ltd (IREN.US)$ (both down 4.5%).Other decliners included $Coherent (COHR.US)$ (off 4.3%), $Super Micro Computer (SMCI.US)$ (which gave back 4.2%) and $Marvell Technology (MRVL.US)$ (3.7% softer).Major cryptocurrencies likewise fell. $Bitcoin (BTC.CC)$ shed 1.7% to $76,908.80 as of about 5:30 p.m. New York time, while $Ethereum (ETH.CC)$ gave back 3.3% to $2.289.71, $Solana (SOL.CC)$ lost 2.9% to $84.33 and $Ripple (XRP.CC)$ lost 2.8% to $1.39. via /r/investorsedge https://ift.tt/PTNYzSk