Stocks declined as renewed concerns over inflation and geopolitical tensions dampened investor sentiment.
The market pullback reflected worries that persistent price pressures could delay interest rate cuts.
Heightened conflict abroad added to uncertainty, leading traders to reduce risk exposure.
Meanwhile, a major utility merger was announced, drawing attention from investors.
Analysts suggested the deal offers strategic value and could be a buying opportunity.
Shares of Super Micro Computer fell after the company revealed an equity-raising plan.
The proposal failed to reassure shareholders, who reacted negatively to the dilution risk.
