The S&P 500 Index closed down 107.33 points, a decrease of 1.44%, at 7,365.46 points.

The Dow Jones Industrial Average closed down 45.87 points, a decrease of 0.09%, at 51,666.84 points. The Nasdaq Composite Index (Nasdaq) closed down 579.563 points, a decline of 2.22%, at 25,587.039 points. The Nasdaq 100 Index closed down 999.81 points, a drop of 3.30%, at 29,347.273 points. The Nasdaq Technology Market Cap Weighted Index closed down 3.65% at 2,872.5950 points. The Philadelphia Semiconductor Index closed down 1,152.214 points, a decrease of 7.87%, recording its worst single-day performance since June 5th, at 13,482.508 points. The Philadelphia Stock Exchange KBW Bank Index rose 0.65% to close at 183.54 points, posting a new record high for the second consecutive trading day. The Dow Jones KBW Regional Banking Index rose 1.44% to 142.19 points, approaching the all-time closing high of 142.30 points set on February 6. The Russell 2000 Index closed down 0.96% at 2,975.481 points, falling away from its all-time closing high. The Nasdaq Biotechnology Index rose 0.85% to 6,185.56 points. The S&P MidCap 400 Index closed down 1.04%, while the Nasdaq US Mid Cap Index fell 0.62%. The Volatility Index (VIX) rose 12.73% to 19.48.