Tuesday saw a sharp decline in stocks as technology companies faltered and fresh economic data stoked concerns about the state of the economy.
A decrease of 611 points, or 1.5%, was seen in the Dow Jones Industrial Average. S&P 500 declined by 2%.
With a 3.1% decline, the tech-heavy Nasdaq Composite was headed for its worst day since the worldwide market meltdown on August 5.
Following an over 8% decline, stocks experienced negative pressure from Nvidia, the artificial intelligence darling that has been capturing investor attention for over a year.
It was one of many semiconductor stocks that fell throughout the session, including Advanced Micro Devices, KLA, and Micron. VanEck Semiconductor ETF (SMH) saw a decline of almost 6%.
Source (CNBC)
