Stock Markets Plummet Amidst Tech and Cryptocurrency Rout

Stocks settled lower on Thursday, with the S&P 500 down 1.23%, the Dow Jones Industrials down 1.20%, and the Nasdaq 100 down 1.38%. The sell-off in technology stocks persisted, with Qualcomm falling over 8% after forecasting weaker-than-expected Q2 revenue. The sell-off was also led by cybersecurity stocks, with CrowdStrike Holdings declining 9%. Bitcoin plunged more than 12% to a 1.25-year low, down nearly 50% from its October record high.