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Tech Sell-off and Rotation into Safe-Haven Assets

CNBC ·

  1. 1Meta and the semiconductor sector led a sharp decline across technology stocks.
  2. 2The Nasdaq recorded its worst day since June on Thursday.
  3. 3The largest single-day drop in 10-year US Treasury yields occurred since March 2023.

So what's the key point?

Technology stocks fell significantly as share prices for Meta and semiconductor companies dropped sharply. The Nasdaq index recorded its worst performance since June, causing market volatility.

Source CNBC · View original ↗

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