Wall Street suffers worst day since June as Nasdaq leads decline

Wall Street suffered its worst day since June, with all three major US stock indexes falling sharply. The tech-heavy Nasdaq led the decline, dropping 2.9 percent, while the S&P 500 tumbled 1.8 percent and the Dow fell 572 points. Intel plunged 28.6 percent, its worst loss since 1974, after issuing a weak profit forecast. Amazon fell 1.4 percent on weaker-than-expected results and heavy cash spending on AI, while Nvidia dropped 4.2 percent, weighing heavily on the market. Cryptocurrency stocks also tumbled after a hack on Binance, with bitcoin falling below $77,000. Global markets were mixed, with South Korea's Kospi down 3.5 percent and Hong Kong's Hang Seng up 1.5 percent.