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Nasdaq drops over 3%
The Nasdaq Composite fell 3.1% in trading on Friday, October 30, 2026, amid a sell-off in technology and semiconductor stocks. Investors were concerned about the scale of AI investments and the delay in returns, while expectations of higher interest rates added pressure. Intel shares dropped about 30% after the company forecast earnings below analysts’ estimates, while Nvidia fell 4.8% and the semiconductor index slid about 7%. The S&P 500 declined 1.9%, and the Dow Jones fell nearly 1%. @endsection
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