Nasdaq falls 6.3% in its biggest drop since March 2020
The Nasdaq fell 6.3% on Wall Street, its biggest decline since March 2020, in a session where AI-linked stocks suffered sharp losses after the anti-AI shift in Washington. Initial euphoria over the Democrats' electoral victory in Congress and the Senate turned into selling in the sector. Micron Technology plunged 17.23% and Meta lost 3.97%.
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