US tech stocks fell sharply on Wednesday, in a fresh jolt of volatility for Wall Street as uncertainty over Donald Trump’s trade tariffs and the health of the world’s biggest economy weighed on investor sentiment.
The technology-heavy Nasdaq Composite fell 2 per cent, snapping a streak of three consecutive days of gains for the index. Chipmaker Nvidia and Elon Musk’s electric-car company Tesla were among the biggest fallers, losing 5.7 per cent and 5.6 per cent respectively.
Wall Street’s broader S&P 500 gauge declined 1.1 per cent.
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