Reported 3 months ago
The Nasdaq 100 faced its worst decline in 11 months as tech stocks plummeted, particularly in the semiconductor sector, after the U.S. announced stricter export limits to China. Key players like ASML and Nvidia experienced significant losses, contributing to a $500 billion drop in the market capitalization of the 'Magnificent Seven' tech companies. While the S&P 500 saw a decrease, the Dow Jones maintained its gains, further highlighting the stark contrast in sector performance.
Source: YAHOO