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Nasdaq-100 fell by 2.9%, losing $1.2 trillion

Nasdaq-100 fell by 2.9%, losing $1.2 trillion

The US technology sector recorded its sharpest single-day drop since June 5. By the end of trading, the Nasdaq-100 index fell by 2.9%.

In a single session, the total market capitalization of index companies shrank by nearly $1.2 trillion.

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