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3/3, 8:16 PM (Source: TeleTrader)
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Nasdaq sinks 2.50% fueled by Big Tech losses

Shares on major stock markets in the United States traded mostly lower on Wednesday with the Nasdaq 100 plunging around 2.50% on Big Tech stocks' weak performance.

Negotiations on the country's next stimulus package remained in investors' focus as US President Joe Biden reportedly agreed to phase out $1,400 stimulus checks faster than it was originally planned. The US Senate is expected to open a discussion on the aid bill "as early as tonight," according to Senate Majority Leader Chuck Schumer.

The Dow Jones traded 0.15% higher at 2:19 pm ET. The S&P 500 declined 0.77%, while the Nasdaq 100 plummeted 2.46% as Apple, Microsoft and Tesla all fell around 2% at 2:04 am ET. However, Moderna was the worst performer at the Nasdaq, sinking over 9% concurrently. The euro lost 0.18% at 2:15 am ET to go for $1.20678.

Breaking the News / GA