The United States (US) stock market fell on Wednesday after the major averages came under heavy selling pressure in the first trade of September, with technology stocks leading the decline.
In regular trading on Tuesday, the Dow fell 1.51%, the S&P 500 fell 2.12% and the Nasdaq Composite plunged 3.26%, the worst drop since a selloff in early August.
Semiconductor stocks led the decline, with sharp losses from Nvidia (-9.5%), AMD (-7.8%), Broadcom (-6.2%), Micron Technology (-8%) and Intel (-8.8%).
Key factors contributing to this fall include concerns over the strength of the US economy following a survey of weak factory activity data recorded in August.
Investors are now looking forward to Friday's NFP jobs report which could influence the Federal Reserve's approach to monetary policy.
Earnings reports are also coming from Dick's Sporting Goods and Dollar Tree, among others.
In extended trading, Nvidia fell 2.4% following a Bloomberg report that the US DOJ sent the company a subpoena.
