Nasdaq 100 Suffers Worst Day In 11 Months As Chipmakers Tumble On China Curbs; Magnificent 7 Wipe Out $500B : What's Driving Markets Wednesday? – Markets Insider

The Nasdaq 100 experienced its worst day in 11 months as chipmakers tumbled due to China’s restrictions. The Magnificent 7 companies saw a $500 billion wipeout. What is causing the market movement on Wednesday?