local
Sharp drops in Big Tech companies pull indexes mostly lower on Wall Street
By Yuri Kageyama, Associated Press at KPRC 2 / Click2Houston (NBC)
· June 23, 2026
· 3 min read
Wall Street gave up more of its recent gains Tuesday after a sell-off in big technology stocks spread from Asia back to the U.S. over worries about potentially higher interest rates by the end of the year.The S&P fell 1.4%. The benchmark index is coming off 11 weekly gains out of the last 12, led...
Key takeaway The Dow Jones Industrial Average, which is less influenced by tech stocks, gave up an early gain and closed just 0.
Why this matters in Tomball News
For Tomball residents, the mixed trading in Asian shares and uncertainty about the war in Iran may seem distant, but its impact can be felt locally. The potential end to the war and reopening of the Strait of Hormuz could lead to increased oil deliveries from the Persian Gulf, which could affect gas prices in the Houston area, including Tomball. As the city's commuters rely heavily on their vehicles, any fluctuation in gas prices can have a significant impact on their daily expenses. Additionally, the potential interest rate hike by the Federal Reserve to combat inflation could influence local mortgage rates, affecting homebuyers and sellers in Tomball's growing real estate market. As the situation unfolds, Tomball residents should keep a close eye on how these global events trickle down to their local economy.
About this story
Original reporting by KPRC 2 / Click2Houston (NBC) . Tomball News surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: local ·
Published: June 23, 2026 ·
Source: KPRC 2 / Click2Houston (NBC) ·
Reading time: 3 min
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Frequently asked about this story
What is this story about? Wall Street gave up more of its recent gains Tuesday after a sell-off in big technology stocks spread from Asia back to the U.S. over worries about potentially higher interest rates by the end of the year.The S&P fell 1.4%. The benchmark index is coming off 11 weekly gains out of the last 12, led...
When was this published? This article was first published on June 23, 2026 by KPRC 2 / Click2Houston (NBC) and curated for Tomball News readers.
Who reported this story? This story was reported by Yuri Kageyama, Associated Press at KPRC 2 / Click2Houston (NBC). To learn more about how Tomball News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from Tomball News, or browse our daily briefing and topic hubs .
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