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Chips decline hits Nasdaq's worst day
The U.S. stock markets experienced a sharp decline due to a strong sell-off in semiconductor stocks, leading to the biggest drop in the Nasdaq since April 2025. Rising U.S. bond yields and investor disappointment with Qualcomm's earnings outlook contributed to market movements on Friday, with the Nasdaq falling by 4.18%, the S&P 500 decreasing by 2.65%, and the Dow Jones dropping 695 points, or approximately 1.35%.
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