Stock Market Today: Nasdaq, S&P 500 Suffer Biggest Losses on Record, $2.9 Trillion — Live Updates - WSJ — SkimNews
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- Nasdaq plunged 5% in a chip-stock wipeout, while the Dow and S&P 500 erased their post-election rally gains.
- AI shares sank after the “blue wave,” while the broader selloff registered the biggest losses on record and $2.9 trillion in losses.
Why it matters: For investors in AI and chip shares, the 5% Nasdaq fall and $2.9 trillion in losses came with a broader reversal: the Dow and S&P 500 also gave back their post-election gains. The selloff centered on AI and chips while also reaching across major indexes.
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