Nasdaq Plunges 350 Points Amid Tech Sell-Off; Oil Rebounds on Iran Tensions

• Nasdaq dropped nearly 350 points, marking its third decline in four sessions, totaling almost 600 points.
• Tech giants like Adobe, Salesforce, Microsoft, and AMD led the sell-off, with Gartner shares plunging 21% due to SaaS business model concerns.
• Dow Jones limited losses to 160 points, supported by 'old economy' shares like Walmart (crossing $1 trillion market cap) and PepsiCo's 5% surge.
• Oil prices rebounded after the US Navy shot down an Iranian drone in the Arabian Sea, easing early sell-off.
• Gold and Silver saw a rebound, while the Dollar experienced profit booking; Amazon and Alphabet earnings are due this week.

Why It Matters: Tech sell-off hit Nasdaq hard, while oil rebounded on geopolitical tensions and old economy stocks showed resilience.