As the US stock market closed, the major indexes suffered collective declines, with the Dow Jones Index dropping 1.23%, the S&P 500 Index falling 1.6%, and the Nasdaq Index plunging 2.24%. Technology stocks fared particularly poorly, highlighted by Amazon, whose market value eroded by over $200 billion in a single day, accompanied by a steep drop in its share price. Alibaba also dipped nearly 3%, Meta declined by more than 3%, and both Apple and Nvidia shed over 2% in value.