Broadcom, Micron Technology, and SoundHound AI Are Falling as the Dow Sheds 250 Points

All major market indexes declined today led by the Dow Jones Industrial Average, which at one point this morning fell 600 points, although has since recouped some of those losses. The broader benchmark S&P 500 and Nasdaq Composite also dipped this morning, but had recovered some of those losses and traded less than 1% down as of 12:04 p.m. ET today.The sell-off was broad-based including tech and artificial intelligence (AI) stocks. Shares of the chipmakers Broadcom (NASDAQ: AVGO) and Micron Technology (NASDAQ: MU) were both down 2.7%. Shares of the voice recognition company SoundHound AI (NASDAQ: SOUN) had fallen roughly 6%.There was no apparent reason for the strong sell-off this morning. Treasury yields fell, which is good for the market after they surpassed 4.6% in recent days, the highest level seen since midyear. Trading volume is light today, which is normal in the final week of the year because more investors are taking time off or on vacation, so I wouldn't read too much into the action last week or this week.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool