The three major indices of US stocks collectively closed down, the Dow fell 0.9%, the Nasdaq fell 2.76%, and the S & P 500 fell 1.86%. Large technology stocks fell across the board, Microsoft fell more than 6%, Meta fell more than 4%, Amazon and Tesla fell more than 3%, and Apple and Google fell nearly 2%. Chip stocks generally fell, Arm fell more than 8%, NVIDIA and Micron fell more than 4%, and TSMC and Qualcomm fell more than 2%.