Nasdaq Tumbles Over 3%, Chip Stocks Sink: Stock Market Today
Intel Corp. is on track to match its worst day on record, and the damage is spreading across The company’s stock fell about 29.6% by midday, matching its 29.6% plunge in July 1974, the steepest one-day drop in its history. The downfall erased about $144 billion of market value by midday. Intel guide…