Nasdaq Has Worst Day Since 2022. Mag 7 Does a Faceplant.
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Tech stocks took it on the chin as investors faced a reality check on their artificial intelligence bets after tech earnings. The Dow Jones Industrial fell 1.3% and the S&P 500 closed down 2.3%. The tech-heavy Nasdaq Composite fell 3.6%, marking its worst one-day loss since October 2022, according to Dow Jones Market Data.