U.S. stocks plunged Thursday, a day after a powerful post-election rally, as investors dumped technology shares amid fears that Democrats’ sweeping midterm victories would slow the artificial-intelligence infrastructure boom.
\n\nThe S&P 500 sank more than 3 percent during morning trading, putting it on pace for its worst day since the April 2025 selloff following President Trump’s announcement of sweeping tariffs. The Dow Jones Industrial Average shed more than 1,000 points, surrendering more than half of Wednesday’s advance.
\n\nTechnology shares led the retreat. The Nasdaq Composite fell roughly 4 percent to 5 percent, trading more than 10 percent below its October record close. A close below that threshold would confirm the index’s second correction this year. The Nasdaq 100, which tracks the largest nonfinancial companies listed on the exchange, fell as much as 6.24 percent.
\n\nWithin the S&P 500, technology led the decline, falling about 5.1 percent, while consumer discretionary dropped roughly 4 percent. Industrials fell about 2.2 percent, materials 1.9 percent, and communication services 1.8 percent. Financials lost 1.8 percent and real estate slipped 1.4 percent. By contrast, defensive pockets held up better: energy rose about 0.6 percent and consumer staples gained roughly 0.3 percent, while utilities and health care…
Original source: https://www.breitbart.com/tech/
