FinanceFortuneabout 2 hours ago
Wall Street Rally Ends as Tech Plunges
3 min read
Wall Street's best post-midterm rally in 44 years lasted just one day before $3 trillion vanished. The Nasdaq fell 5.2% and the S&P 500 nearly 4% on Thursday, dropping below Election Day levels. Chip stocks plunged over AI fears, with the Philadelphia Semiconductor Index down 9.75% and Nvidia falling almost 9%. Texas politics regarding data center moratoriums drove the decline.
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