Tech Sell-Off Drags Down US Markets for Second Day
Broader market follows tech stocks downward amid geopolitical tensions and economic data.
- Dow drops over 500 points, Nasdaq and S&P 500 also see significant declines.
- Tech giants like Apple, Amazon, and Microsoft lead the downturn.
- Rising jobless claims bolster expectations for a Federal Reserve rate cut.
- Small-cap stocks, which had been rallying, also fall sharply.
- Chip stocks hit hard by potential new US trade restrictions with China.
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