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[Tech Stock Sell-Off Intensifies in U.S. Markets, Major Indices Decline Across the Board] On Friday, November 14th, during the U.S. trading session, the sell-off in the stock market intensified, led by tech stocks, causing major benchmark indices to break support levels. The S&P 500 Index opened 0.8% lower, falling below its 50-day moving average; the Nasdaq 100 Index opened down 1%; and the Dow Jones Industrial Average dropped 1.1%. The Chicago Board Options Exchange Volatility Index rose above 22. Annex Wealth Chief Investment Strategist Brian Jacobsen stated that concerns over the Federal Reserve pausing action in December have replaced worries about a prolonged government shutdown. Although the government has reopened, economic data still needs time to normalize, which has impacted stock market performance.

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