Dow Jones Plunges 600 Points, Nasdaq Suffers Worst Rout in 10 Months Amid Tech Sell-off

• The Dow Jones fell 600 points and the Nasdaq experienced its worst three-day rout since April last year, with big tech losing over $1 trillion in market cap.
• The sell-off extended beyond tech, impacting all asset classes due to concerns over software stocks and weak macro data.
• Amazon shares dropped significantly after missing earnings, despite announcing a $200 billion spending plan; Microsoft and Nvidia also saw declines.
• Weak US macro data, including unexpected drops in job openings and increased job cuts, further fueled negative market sentiment.
• The US Dollar strengthened, while precious metals like Silver and cryptocurrencies like Bitcoin saw sharp declines.