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Nasdaq Composite Drops 5.52% to 24,315 Amidst Correction
The Nasdaq Composite dropped 5.52% to 24,315 on Thursday, falling into correction territory. Chip stocks led the selloff after Democrats won both chambers of Congress and governor races in major data center states. The index is now about 12% below its October 6 record high. The article provides context on recent market dynamics and corrections.