US equities slide as chip makers sell off; Nasdaq 100 down 1.6%

US stocks fell, with the S&P 500 down 0.96% and the Nasdaq 100 down 1.61%, driven by a sell-off in chip makers. Short-term Treasuries outperformed, suggesting a defensive tilt. The move signals risk-off sentiment in tech, though the trigger for the chip sell-off is not specified.

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