US stocks close lower led by tech losses on Powell's remarks

US stocks fell during today as their losses increased amid pressure on the technology sector in addition to the Federal Reserve Chairman, Jerome Powell's statements.

Data showed that the US consumer confidence index fell to a two-year low in June.

On the other hand, Powell said that expectations of a rate cut at next month's meeting will not necessarily be done, pointing out that the central bank officials will continue to closely monitor the economic data.

For his part, US President Donald Trump threatened to wipe out Iran if it threatened the interests of his country in the Middle East, pointing out that the leaders of Tehran only know the logic of force.

Elsewhere, West Texas fell 0.1% to $57.83 per barrel, with the day's highest at $58.8 and the lowest at $57.2.

Brent rose 0.3% to $65.05 per barrel, with the highest at $65.9 and the lowest at $64.1.

At the close of the session, Dow Jones fell 0.7% (equivalent to 179 points) to reach 26,548 points, with the highest level at 26,752 points and the lowest at 26,527 points.

Nasdaq fell 1.5% (121 points) to 7,884 points, and hit a high of 8,007 points and a low of 7,879 points.

Standard & Poor's shed 0.9% (28 points) to 2,917 points, reaching a high of 2,946 points and a low of 2,916 points.