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Published: 2026-10-09 • Permanent link

Fears are growing among tech investors as the Dow Jones Industrial Average plummeted 2.5% to its largest single-day decline since the 2020 pandemic. Microsoft workers, who rely on their green cards for residency, are now facing uncertain futures. The tech giant's shares dropped by 3.5% in the chaotic session, with many experts warning of a potential exodus of skilled workers from the industry. Citigroup's CEO, Jane Fraser, attributed the decline to "heightened uncertainty" in the global economy.

As the Dow's largest single-day decline since 2020 sparks widespread concern, investors are scrambling to reassess their portfolios. Tech stocks, which have historically been a safe haven for investors, are now taking a beating. The S&P 500 and Nasdaq Composite suffered significant losses, with many analysts warning of a potential market correction. The decline has also raised questions about the long-term viability of the tech industry, which has been a key driver of economic growth in recent years.

Since the COVID-19 pandemic, the tech industry has experienced unprecedented growth, with many experts hailing it as a key factor in the global economic recovery. However, the sector's success has also created a number of vulnerabilities, including a highly dependent workforce and a reliance on complex global supply chains. As the market continues to fluctuate, experts are warning of a potential "tech recession" that could have far-reaching consequences for the broader economy.

As the Dow continues to decline, investors are bracing for a potentially volatile few weeks ahead. With the Federal Reserve set to announce its next interest rate decision, many analysts are warning of a potential "rate hike" that could exacerbate the market's woes. The outcome of the decision will be closely watched, with many experts predicting a significant impact on the tech sector and the broader economy.