Magnificent 7 loses $1 trillion as Apple, Nvidia stocks see worst days since 2020: Top points on US market crash

Global stock market crash resulted in loss for major US technology companies which have seen a recent boom owing to Artificial Intelligence (AI). The shares of US tech companies saw their sharpest decline since the beginning of the Covid-19 pandemic. Here are top points on the US stock market crash:

1. US indexes tanked as the blue chip Dow Jones Industrial Average’s 2.8% decline set it up for its worst loss since September 2022. The S&P 500 saw more than 4% drop- making it its most painful day since September 2022. The tech-heavy Nasdaq Composite fell 6.2% on its starkest decline since March 2020.