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The Nasdaq fell 2.3% to 25,587 points, weighed down by disappointing results from Amazon and Intel and a wave of selling in technology stocks. The S&P 500 dropped 1.2%, while the Dow Jones fell 0.4%. Amazon shares slid about 2% as growth in e-commerce and advertising slowed, despite its cloud unit reporting revenue of $46 billion. Intel shares plunged 30% amid weak demand for PC processors and supply bottlenecks in data-center chips. A cyberattack on Binance added to pressure on the cryptocurrency sector: the platform said $6.3 billion had been stolen, about half of which was frozen, while Bitcoin fell 2.6% to $78,001.8.
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