Tech Stocks Lead Sharp Sell-Off: Nasdaq Plunges 2% as Broader Market Retreats

U.S. stocks faced significant selling pressure on May 13th, with major indices opening lower and extending losses. The tech-heavy Nasdaq Composite led the decline, falling 2%. The S&P 500 and Dow Jones also dropped. Semiconductor and chipmaking stocks were hit hardest, with several industry leaders posting sharp declines, signaling a shift in market sentiment.

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