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The Nasdaq fell 5.46% to 24,315.02, posting its biggest one-day loss in 19 months and entering correction territory after dropping more than 10% from its record high on October 6. The decline came as Nvidia and other chip stocks fell amid concerns that Democrats’ victory in winning control of the U.S. Congress could lead to tighter regulation of artificial intelligence and slow the construction of data centers. The S&P 500 fell 4.32% to 7,353.65, while the Dow Jones dropped 3.45% to 51,513.43.
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