U.S. stocks fell across the board, with Intel seeing the highest daily decline of 29%.
On August 3rd, according to market information, US tech stocks experienced a broad decline. The S&P 500 index fell more than 2%, the consumer discretionary sector dropped 5.49%, the technology sector declined 2.87%, and the industrials and communication services sectors fell at least 2.2%.
The Nasdaq 100 index expanded its decline to 3%, with component stocks Intel falling over 28.7%, Atlassian dropping more than 14.5%, Amazon declining over 12%, Microchip Technology falling 9%, and Arm decreasing around 8.8%.
The Philadelphia Semiconductor Index fell more than 6%, the Nvidia double long ETF declined over 14.3%, Advanced Micro Devices dropped more than 12.4%, and ASM International ADR fell around 11.1%. (Wall Street Journal)
