During today's trading, the Nasdaq Composite index fell by more than 747 points, or 2.86 percent, to retreat to 25,437 points.
The Dow Jones Industrial Average fell significantly by 572 points, to retreat to 51,770 points, or 1.09 percent.
Abysmal drop in US stock indices
The Standard & Poor's (S&P 500) index also fell by about 140 points, dropping to 7,580 points, a decline of 1.82 percent.
Today, shares of "Intel" plummeted by more than 30 percent, while shares of "Alphabet" - the parent company of "Google" - continued their volatility, after its Class A shares had fallen by more than 12 percent yesterday, Thursday, marking their worst daily performance since the company's IPO in 2004, as this decline wiped out about $500 billion from Alphabet's market value.
Shares of "Nvidia" - which manufactures advanced chips used to power artificial intelligence models and is considered a leading indicator for this sector - also fell by 5 percent.
In addition, the price of US "West Texas" oil improved by one dollar to settle at 103.08 per barrel.
Know more about this story?Send us a tip
Al Rai
AIAsk about this report — answers stay grounded in its text.
