Stock market today: Nasdaq plunges 5% amid chip stock wipeout, Dow and S&P 500 erase post-election rally gains
US stocks plunged on Thursday as AI and chip stocks sold off, erasing the gains from Wednesday’s post-election rally. The Dow Jones Industrial Media (^DJI) tumbled 3%, or over 1,600 points. The S&P 500 (^GSPC) fell 4%, and the tech-heavy Nasdaq Composite (^IXIC) dropped 5.2%, putting the index on track to close in a correction. … Read more