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2/23, 3:50 PM (Source: TeleTrader)
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Nasdaq sinks over 450 pts as tech sell-off continues

Major stock markets in the United States significantly extended losses on Tuesday shortly after the opening bell, pulled by the decline of the technology sector.

Meanwhile, investors await remarks by Federal Reserve Chair Jerome Powell who is expected to speak in Congress later today.

The Dow Jones sank 1.03% or 323 points at 9:52 am ET, while the Nasdaq 100 plunged 3.50% or 462 points. The S&P 500 fell 1.34%. At the same time, the euro lost 0.11% against the dollar to go for 1.21386.

Breaking the News / ND