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Published: 2026-10-09 • Permanent link

Fears of a tech backlash are growing as the Dow Jones Industrial Average plummeted 2.5% to its largest single-day decline since the 2020 pandemic. Microsoft's shares dropped by 3.5% in the chaotic session, with many experts warning of a potentially prolonged downturn. The tech giant's green card holders, who rely on their residency for work, are now facing uncertain futures. The Dow's collapse has left investors reeling, with many scrambling to reassess their portfolios.

Uncertainty is spreading throughout the tech industry, as workers who rely on their green cards for residency face an uncertain future. Microsoft workers, who are among the thousands of tech professionals who rely on their green cards for residency, are now facing a potentially long and arduous process to secure their status. The company's shares have taken a hit, but it remains to be seen how this will impact the broader tech sector.

Since the 2008 financial crisis, the tech industry has been a stalwart of the US economy, providing millions of jobs and driving growth. However, the current market downturn has raised concerns about the sector's resilience. What drove this downturn, and how will it impact the broader economy? Experts point to a combination of factors, including rising interest rates and a decline in consumer spending.

As the tech sector continues to grapple with the fallout from the market downturn, investors are watching closely for signs of stabilization. The S&P 500 and Nasdaq are expected to continue their decline, but some analysts predict a potential rebound in the coming weeks. With the Federal Reserve set to meet in the coming months, investors will be watching closely for any signs of policy support or intervention.