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Nasdaq falls 2% as weak forecasts hit tech stocks

New York: The Nasdaq Composite index fell about 2.5 per cent on Monday, hit by a slump in Apple Inc shares after two suppliers cut their forecasts, sparking a selloff in other iPhone component makers and weighing on technology stocks in general.

Apple shares fell 4.7 per cent to $ 209.67, their lowest since July 27, after Lumentum Holdings, the main supplier for Face ID tech…
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