US Stocks Tumble as Tech Earnings Disappoint, Nasdaq Drops 2.86%

US equities closed sharply lower, led by a 2.86% decline in the Nasdaq, after Intel and Amazon reported disappointing earnings. AI-related concerns added pressure on the tech sector, signaling potential weakness in growth stocks. The selloff suggests investor anxiety over tech fundamentals and AI valuations, which could weigh on broader market sentiment.

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