Stock market today: Indexes slide as Biden plan to tighten China chip crackdown weighs on tech

The far-reaching stock market rally took a break on Wednesday as tech stocks sold off on reports the Biden administration was weighing tougher restrictions on chip sales to China.

REUTERS/Brendan McDermid

• US stocks were mostly lower Wednesday as the semiconductor industry took a hit.
• The Biden administration is considering stricter trade restrictions on China’s access to chips.
• Recent comments from Donald Trump on Taiwan Semiconductor also didn't help the sector.

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