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The Nasdaq fell into its first three-week losing streak since March as tech stocks declined after this week's concerning projections from hyperscale cloud companies. The reports weighed on the sector, and coverage tied the pressure to the outlook for Anthropic's potential path to a Nasdaq listing. CNBC Top News reported that the hyperscaler projections punished tech shares broadly. The coverage did not quantify the index's decline or detail the size of the sell-off in individual names.
Sources:CNBC Top News