Tech stocks lead market decline as Dow drops 405 points
• Dow fell 405 points, or 1%, after being down more than 500 points earlier • Tech stocks led the declines, continuing their retreat from recent record highs • Apple shares fell 2.8% on report of 24% iPhone sales drop in China • AMD slipped on report of facing regulatory issues selling AI chip in China • Other big tech names like Meta, Microsoft, and Micron also declined