US stocks see biggest drop in two years on tech selloff

US stock markets plunged on Wednesday, recording their worst losses since 2022, after investors sold off shares in struggling tech companies.

The Nasdaq index fell by 3.6%, the S&P 500 dropped 2.3%, and the Dow Jones Industrial average slid 1.2%.

“Signs of nervousness around tech stocks began to creep up in recent weeks,” reported Reuters, pointing to Wall Street’s “vulnerability to any weakness in the Big Tech trade...