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The US stock market is experiencing broad losses, with the Dow down 1.5%, Nasdaq down 1.4%, and S&P 500 down 1.3%. The S&P 500 Equal Weight Index, which gives equal weight to all stocks, is also down over 1%. The losses are not limited to tech stocks, but are universal, suggesting a more significant market downturn than just "risk-off" trading.

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