Why are the S&P 500, Nasdaq, and the Dow crashing today?

Crypto Insight Summary: U.S. stocks declined on Tuesday, with the S&P 500 falling 0.9%, the Nasdaq Composite dropping 1.8%, and the Dow Jones Industrial Average losing 84 points (0.2%). The downturn was driven by semiconductor stocks, as the iShares Semiconductor ETF slid nearly 6% after a 6% rally the previous day and a 10% drop on Friday, its worst single-day performance in six years. Micron fell more than 6% and Broadcom dropped over 4%, both giving back gains from Monday's bounce following steep two-day declines last week tied to concerns that the AI chip rally had advanced too quickly. Oil prices provided some relief, with West Texas Intermediate crude falling 5% to around $86 per barrel after U.S. Energy Secretary Chris Wright reported that traffic through the Strait of Hormuz was "rising very meaningfully." President Donald Trump also suggested a U.S.-Iran deal could be reached within days, potentially reopening the strait. Despite the oil decline, the information technology sector dropped nearly 4%, overshadowing gains in materials, consumer discretionary, and real estate, which was supported by stronger-than-expected existing home sales data. Bitcoin recovered above $60,000 after falling below that level on Friday for the first time since October 2024, though it remains down about 27% year-to-date and roughly 50% below its all-time high. The iShares Bitcoin Trust ETF ranked among the 20 most active options tickers by volume, while Strategy and Coinbase were among the 15 largest options trades by dollar value on Monday. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: U.S. stock market decline driven by tech/semiconductors, but Bitcoin's recovery suggests decoupling.