Wall Street Today: Tech-heavy Nasdaq down 3%, Nvidia crashes 12%; What’s behind the US stock market rout? 5 key factors
The Dow Jones Industrial Average fell 0.27%, to 44,305, the S&P 500 lost 1.72% to 5,996 and the Nasdaq Composite fell around 3% to 19,342. Nvidia , whose chips are the top choice for powering AI applications, dropped nearly 12% in early trading, while industry peers Broadcom and Marvell Technology fell more than 10% each.