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Stock market live updates: Nasdaq near correction territory, chip stocks drop in unison, Tesla tumbles 16%

The equity rout in technology shares worsened on Tuesday as investors rotated out of companies that led the market’s historic comeback. The tech-heavy Nasdaq Composite underperformed once again after suffering its worst week since March. Chip stocks were among the biggest losers as tensions between U.S. and China continued to escalate. Here’s what’s happening:

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