The Nasdaq Composite closed sharply lower by 1.8%, while the S&P 500 dropped 1.1% and the Dow Jones fell 0.5%. Both the S&P and Dow extended their losing streaks to four days, contrasting with Medline’s successful debut on the Nasdaq under the ticker MDLN. Medline raised $6.26 billion, marking the largest U.S. IPO since Rivian’s $13.5 billion in November 2021.

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