local
Sharp drops in Big Tech companies pull indexes mostly lower on Wall Street
By Yuri Kageyama, Associated Press at KSAT 12 (ABC affiliate) — San Antonio
· 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 Terrell Hills News
For Terrell Hills residents, the mixed trading in Asian shares and uncertainty about the war in Iran may seem distant, but the potential impact on local gas prices and consumer goods is very real. If the war were to end and the Strait of Hormuz were to reopen, allowing for the full resumption of oil deliveries from the Persian Gulf, it could lead to a decrease in oil prices, which in turn could lead to lower gas prices at the pump for Terrell Hills commuters. Additionally, the effects of inflation, which has been accelerating due to expensive oil, could be felt in the prices of everyday goods and services in the community, making it more expensive for residents to shop and dine locally. As economists await the report on Thursday, Terrell Hills residents should keep a close eye on how these global events may trickle down to their daily lives.
About this story
Original reporting by KSAT 12 (ABC affiliate) — San Antonio . Terrell Hills 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 affiliate) — San Antonio . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 23, 2026 ·
Source: KSAT 12 (ABC affiliate) — San Antonio ·
Reading time: 3 min
Get more Terrell Hills News stories like this
Free weekly briefing covering local and other local news. Curated by our editorial team. No spam.
By subscribing you agree to our privacy policy . Unsubscribe anytime.
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 affiliate) — San Antonio and curated for Terrell Hills News readers.
Who reported this story? This story was reported by Yuri Kageyama, Associated Press at KSAT 12 (ABC affiliate) — San Antonio. To learn more about how Terrell Hills News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from Terrell Hills News, or browse our daily briefing and topic hubs .
← Back to all news
More local →
Today’s briefing
Subscribe to newsletter