Stocks Fall Due to Weak Performance in Major Tech Companies and Chip Manufacturers

US Stock Market Performance: The S&P 500, Dow Jones, and Nasdaq 100 indices are experiencing declines, reaching two-week lows due to weakness in technology stocks and economic concerns, including significant job cuts announced by US companies.

Federal Reserve Comments: Fed Vice Chair Philip Jefferson's hawkish remarks on interest rates suggest a cautious approach to rate cuts, contributing to market uncertainty amid ongoing economic challenges.

Chinese Trade Data: China's October exports fell unexpectedly, raising concerns about global growth, while imports also showed weaker-than-expected growth, further impacting market sentiment.

Corporate Earnings Trends: Despite a strong earnings season with a high percentage of S&P 500 companies beating forecasts, overall profit growth is slowing, indicating potential challenges ahead for the market.