NEW YORK, July 7 : Wall Street stocks followed their European counterparts lower amid a chip-driven tech selloff on Tuesday as a flare-up of Middle East tensions sent crude prices higher.I will go into more detail on today's market moves below. If you have more time to read, here are a few articles I recommend to help you make sense of what happened in markets today.1. The U.S. trade balance widened in May by 42.1 per cent to $77.6 billion, or $900,000 narrower than analysts expected2. New York Federal Reserve President John Williams said he has grown less worried about inflation due to energy price declines 3. Two tankers were hit in the Strait of Hormuz as crowds throng streets of Qom on fifth day of mourning over Iran's slain Supreme Leader Ayatollah Ali Khamenei4. Meta Platforms announ