Stock market today: Nasdaq plunges 5% as chip stocks sell off, Dow and S&P 500 give back post-election rally gains
US stocks fell suddenly on Thursday as AI and chip stocks sold off, erasing the gains from Wednesday’s post-election rally. The Dow Jones Industrial Media (^DJI) tumbled 2.2%, or over 1,200 points. The S&P 500 (^GSPC) fell 3.3%, and the tech-heavy Nasdaq Composite (^IXIC) dropped 5%, putting the index on track to close in a … Read more