DECRYPT · 2026-11-05 18:05 UTC

S&P 500 Plunges, Wall Street Fears Circuit Breaker, Just One Day After Trump Celebrated Record Highs

S&P 500 plunged 3.8% Thursday, one day after Trump celebrated record highs and strong 401(k) performance. Technology stocks led the selloff with Nvidia down over 6% and semiconductors down nearly 11%, as investors worried Democratic election victories could bring stricter AI oversight. Bitcoin fell below $76,000 with $428 million in leveraged crypto positions liquidated; market remains 3.2 percentage points away from triggering first circuit breaker halt.

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