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via finance.yahoo.comMarkets

Chip stocks slaughtered as Wall Street heads for worst post-midterm day since 1896

FROM THE WIRE · FINANCE.YAHOO.COM

Wall Street's midterm celebration lasted one day. Chip stocks are getting taken to the woodshed Thursday, and the Dow Jones Industrial Average (^DJI) is heading for its worst second session after a midterm election in data going back to its start in 1896. It took the Nasdaq…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe slump in chip and tech stocks weighs on major indices and could extend to data center names.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Nasdaq Composite was down more than 5% in late-morning trading.
  2. 02The S&P 500 was off more than 3% at the same point.
  3. 03Focus shifts to what a Democratic Congress could mean for the AI buildout and data centers.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
NVIDIA CorporationNVDAStock183.35 USD-1.41%today -8.38%Negative PHLX Semiconductor IndexINDEX:SOXIndex9,182.42-1.77%today -10.58%Negative NASDAQ 100INDEX:NDXIndex26,814.27-0.94%today -5.71%Negative S&P 500INDEX:SP500Index7,393.63-0.75%today -3.84%Negative Dow Jones Industrial AverageINDEX:DJIIndex51,775.38-0.59%today -2.96%Negative Crude Oil WTICOMMODITY:WTICommodity90.27 USD+0.03%today +2.44%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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