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All constituent stocks closed lower, with Rambus down 11.14%, Micron Technology down 9.92%, Western Digital down 8.60%, Sandisk down 7.04%, Teradyne, Lam Research, Seagate Technology, and Applied Materials down between 6.52% and 4.17%.The North American Technology Software Stocks Index ETF rose 0.95% to $77.62. The Information Technology Index fell 3.75% to 244.90 points. The Artificial Intelligence (AI) Winner Index dropped 3.93% to 259.19 points. The AI Software Pioneer Index rose 1.02% to 91.46 points.

Golden Ten Data reported on March 31 that, according to AXIOS, Ukrainian President Zelensky stated on Monday that a prolonged war with Iran is extremely favorable for Russia and very unfavorable for Ukraine. Zelensky said that Russia's oil-dependent economy is receiving a significant boost due to soaring oil prices and the easing of U.S. sanctions, while the conflict could lead to shortages of desperately needed air defense interceptor missiles and other weapons for Ukraine. Zelensky also noted that Ukraine has shared intelligence with Middle Eastern leaders regarding Russia's assistance to Iran, including the possibility of providing targeting support for attacks on U.S. and allied bases in the region. Zelensky further expressed concern over U.S. measures to ease sanctions on Russian oil sales in response to the energy crisis.

The US Department of Labor has officially proposed a rule allowing Bitcoin and cryptocurrency investments to be included in 401(k) retirement plans, involving approximately $50 trillion in assets. (The Bitcoin Historian)