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Nasdaq Falls 2.6% as Meta Raises Its 2026 AI Spending Outlook

-2.6%
Nasdaq decline
The Philadelphia Semiconductor Index fell 6.7%, while the 10-year Treasury yield dropped more than 19 basis points and slipped below 5%.
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The Philadelphia Semiconductor Index fell 6.7%, while the 10-year Treasury yield dropped more than 19 basis points and slipped below 5%.