The broader market also saw significant losses, with the Dow Jones Industrial Average shedding more than 1,000 points. The S&P 500 followed the downward trend, dropping over 3% as volatility surged across major indices.
AI Sector Under Pressure
The sell-off was largely driven by a retreat in high-growth technology and semiconductor stocks. Market analysts point to a cooling enthusiasm surrounding the artificial intelligence boom, as investors reassess valuations in light of recent midterm election results and shifting economic outlooks. The rapid rotation out of tech has left traders scrambling to adjust portfolios, marking one of the most turbulent trading sessions in recent months.
As the session continues, market participants remain focused on whether the current support levels will hold or if the downward momentum will persist through the end of the week.
