"Oracle's Plunge and Apple's Impact: Stock Market Reacts to Inflation Concerns"

Tech stocks, particularly in the tech-heavy Nasdaq Composite, tumbled as investors awaited key inflation data and focused on Apple's annual event. The S&P 500 and Dow Jones Industrial Average also closed lower. Rising oil prices added to concerns about inflation, while the Department of Justice clashed with Google in a monopoly trial. Meanwhile, Apple unveiled its new Apple Watch Series 9 at its event, and oil prices hit new highs due to supply constraints.