On Thursday, November 6, U.S. stocks closed sharply lower: the Dow fell 3.4%, the S&P 500 dropped 4.3%, and the Nasdaq tumbled 5.5%. Chip stocks took a heavy beating, with Micron Technology down 17%, SanDisk down 22%, SK Hynix down 13%, Nvidia down more than 9%, and AMD down 17%; Tesla fell 10%. The Nasdaq Golden Dragon China Index bucked the trend, closing up 0.42%.