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Image Credit: Baystreet

Dow Tumbles 700, NASDAQ off 3%

  • Stocks fell sharply on Wednesday, with the Dow Jones Industrials plummeting 1.7%.
  • The S&P 500 decreased 2.2%, dragged down by the information technology sector.
  • The NASDAQ Composite slid 3.1% due to various factors including chipmakers facing challenges.
  • Nvidia experienced a significant drop of 6.9% and revealed a $5.5 billion quarterly charge related to exporting graphics processing units to China.

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