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On Wednesday, the three principal US stock indices embarked on the trading day with a unified downward trend. The Dow Jones Industrial Average dipped by 0.05%, the S&P 500 index experienced a 0.21% decline, and the Nasdaq Composite Index saw a 0.45% drop. Market sentiment veered sharply towards risk aversion, primarily fueled by Microsoft's stock opening 2.77% lower. This downturn was attributed to a reduction in its sales quota for artificial intelligence software, which cast a shadow over tech stocks and the market at large. Within this bearish environment, prominent tech firms such as Netflix, Nvidia, Amazon, and Meta all witnessed declines. Conversely, Marvell Technology stood out with an 8.5% surge, buoyed by its third-quarter earnings surpassing market expectations and the announcement of its acquisition of chip startup Celestial AI.
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