Tech Woes and Rate-Cut Doubts Lead to Dow's 400-Point Plunge
TL;DR Summary
The Dow tumbled over 400 points, driven by a retreat in tech stocks from last week's record highs, with the S&P 500 and Nasdaq also slipping. Apple shares declined due to a report on falling iPhone sales in China, while Advanced Micro Devices faced regulatory hurdles in China, leading to a slip in its shares. Other tech stocks like Meta Platforms, Microsoft, and Micron Technologies also fell, while gold rose to a record high.
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