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tz-plus logo Tech sell-off weighs on Wall Street – DAX trapped in sideways mire – Crypto panic & AI investment fears dominate the trading floor – Affordable Wegovy copy from Hims & Hers boosts stocks and puts Novo Nordisk under pressure - Tower Semiconductor benefits from AI hype through strategic alliance with NVIDIA on optical modules – Alphabet's AI investments scare off investors and drag tech giants into the red - Flight from risk assets pushes Bitcoin below $70,000

M. Blattmann
Reading Time: 12 minutes

US markets record widespread losses and suffer from ongoing skepticism regarding the technology sector The negative momentum continues on the US stock exchanges this Thursday, with the technology sector remaining under pressure. Following the mixed trends of the previous day, all major indices are in the red: The Dow Jones is down 1.25%, while the S&P 500 also loses 1.38% and stands at 6,789 points. The Nasdaq 100 records a decline of 1.44% to 24,559 points. Although the drop in technology stocks is less drastic than at the beginning...

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