The collapse of US stocks across the board, is this a sign of a

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8.2 US stocks collectively plunged

Qualcomm fell 9%
Nvidia fell 6%
Tesla 6%
Philadelphia Semiconductor Index fell 8%
Intel fell short of expectations
Is the above directly related to the news of interest rate cuts in September?

The answer is "YES"

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This week has come to an end perfectly. All analyses have met their expected goals. Let's enjoy a wonderful weekend!