Trump Media stock hits a wall, banks’ new challenge, and crypto explodes: Markets news roundup

The Dow and other major indexes experienced losses Tuesday afternoon as chipmakers struggled amid news of potential export caps.

In the afternoon, the Dow Jones Industrial Average dropped 118 points, or 0.28%, to 42,939. The tech-heavy Nasdaq and S&P 500 shed 0.8% and 0.4%, respectively.

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