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More drops for tech stocks weigh on Wall Street
Technology stocks continued to decline, weighing on the S&P 500, Dow Jones, and Nasdaq. AI-related stocks, including Super Micro Computer and Micron Technology, dropped sharply amid concerns about overvaluation. A U.S. inflation report eased some market pressures but did not halt the broader tech sell-off.
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- US stocks fall further from their records
- World shares are mostly lower after a tech sell-off on Wall Street, while oil prices waver
- S&P 500 sinks 2.6% for biggest drop since October as tech stocks slump and investors worry about higher interest rates
- Asia tech stocks drop after Broadcom rattles AI trade and drags Wall Street names lower
- Meta Shares Fall as Investors Weigh Tech Prospects