US stock market closing: All three major stock indices fell by over 1%, while AMD fell by over 8%

The US stock market closed on Thursday, with the three major stock indexes reversing their gains and falling. The Dow Jones Industrial Average closed down 529 points, or 1.35%, while the S&P 500 index fell 1.2% and the Nasdaq fell 1.4%. The semiconductor sector fell 3%, TSM. N fell 1.6%, NVDA. O fell 3.3%, and AMD. O fell 8.3%, marking the largest decline in nearly a year.