Chip stocks slump as Wall Street heads for worst post-midterm day since 1896

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Shares of semiconductor companies sank sharply in a broad market sell-off. Major U.S. indexes were on track for their steepest decline following a midterm election since 1896. The source article attributes the drop largely to weakness in chip stocks. The source material provided here contains only a link and discussion metadata, so the specific causes and figures could not be verified.

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