According to Reuters, U.S. stocks have plunged again, sending markets into turmoil.
Nasdaq confirms the trading correction, as the S&P and Dow erase all of its 2018 market gains.
Moreover, disappointing forecasts from chipmakers have continued to raise doubts over economic and profit growth.
The Nasdaq closed down 12.4 % from its Aug. 29 record closing high.
It fell 4.4 % for the day in its biggest one-day percentage decline since August 2011.
Additionally, sales of new U.S.