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Tech stocks fall, pushing Nasdaq lower
Tech stocks fall, pushing Nasdaq lower
A sharp decline in shares of Alphabet, Amazon.com and other technology companies dragged the Nasdaq Composite into correction territory on Wednesday.
The tech-heavy index slipped 2.4% in a punishing session that sent it down more than 10% from its recent peak. Its losses accelerated in the afternoon, sending the indicator towards one of its worst daily declines of the year.
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