U.S. stocks fell again on Thursday, with the Dow Jones Industrial Average down 0.6%, the S&P 500 down 0.77% and the Nasdaq down 1.05% respectively. Seven of the 11 S&P sectors closed lower, led by the technology, consumer and materials sectors. Technology giants such as Nvidia, Broadcom and Tesla fell more than 4%. Although Disney's streaming media was profitable, its stock price still fell 4.4%, dragged down by its theme park business. Airbnb lowered its forecast and fell 13.4%, and concerns about ultra-fine profit margins led to a 20.1% drop. CVS Health fell 3.2%, with mixed results and the CEO will take the helm of Aetna. Market downturn concerns have not dissipated.
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