U.S. stocks tumble, Intel falls as much as 29% in one day
On 3 August, according to market information, U.S. technology stocks fell. The SP 500 index fell more than 2%, the consumer discretionary sector fell 5.49%, the technology sector fell 2.87%, industrial and telecommunications sector also fell at least 2.2%. The Nasdaq 100 Index extended its losses to 3 per cent, with constituents Intel down more than 28.7 per cent, Altassian more than 14.5 per cent, Amazon more than 12 per cent, Microchip Technology down 9 per cent, and Arm down about 8.8 per cent. The Philadelphia Semiconductor Index fell more than 6 per cent, the Nvidia Double Long ETF fell more than 14.3 per cent, Ultra Micro Computer fell more than 12.4 per cent, and ASM International ADR fell about 11.1 per cent.
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