US Stocks Plunge as Tech Sector Leads Broad Market Sell-Off
Nvidia and other chip stocks suffer major losses amid economic uncertainty and weak manufacturing data.
- The Dow Jones fell over 600 points, while the Nasdaq dropped more than 3%.
- Nvidia's stock tumbled nearly 10%, leading the decline in tech stocks.
- Investors are wary of September's historical volatility and upcoming economic data.
- Manufacturing activity contracted for the fifth consecutive month, raising recession fears.
- The Federal Reserve's potential interest rate cuts are in focus as the labor market shows signs of stress.
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