local
Sharp drops in Big Tech companies pull indexes mostly lower on Wall Street
By Yuri Kageyama, Associated Press at KSAT 12 (ABC) - San Antonio News
· 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 Alamo Heights News
For Alamo Heights residents invested in the stock market or concerned about fuel prices, the recent fluctuations in global markets may have significant implications. The potential end to the war in Iran, which could lead to increased oil production and lower prices, is being closely watched by local commuters who rely on affordable gasoline to navigate the San Antonio area. Additionally, the potential interest rate hike by the Federal Reserve to combat inflation could impact local mortgage rates and consumer spending, affecting the overall economic health of the Alamo Heights community. As the situation continues to unfold, local investors and residents will be keeping a close eye on the developments and their potential effects on the local economy, particularly in the context of the city's transportation and business sectors. The impact of these global events on the daily lives of Alamo Heights residents will be an important aspect to monitor in the coming weeks.
About this story
Original reporting by KSAT 12 (ABC) - San Antonio News . Alamo Heights 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 .
For the complete original report, visit KSAT 12 (ABC) - San Antonio News . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 23, 2026 ·
Source: KSAT 12 (ABC) - San Antonio News ·
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 KSAT 12 (ABC) - San Antonio News and curated for Alamo Heights News readers.
Who reported this story? This story was reported by Yuri Kageyama, Associated Press at KSAT 12 (ABC) - San Antonio News. To learn more about how Alamo Heights News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from Alamo Heights News, or browse our daily briefing and topic hubs .
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