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On October 17, the US stock market concluded the week on a sour note, with all three major indices finishing in the red during Friday's trading session. The Nasdaq Composite Index tumbled 2.14%, the S&P 500 Index retreated 1.09%, and the Dow Jones Industrial Average initially dipped by 0.34%.
Focusing on individual stocks, Coreweave emerged as the day's biggest loser, with its share price plummeting 11.91%. Other notable decliners included SK Hynix, which dropped 6.58%; Arm Holdings, slipping 6.94%; SanDisk, falling 6.85%; Oracle Corporation, declining 4.64%; and Tesla Inc., which shed 2.13% of its value.
In the realm of Chinese stocks listed on the Nasdaq, the Nasdaq Golden Dragon China Index also took a hit, declining by 1.3%. Among the constituents, Baidu Inc. saw its shares fall by 2.93%, while Alibaba Group Holding Limited dropped by 1.83%.
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