Market volatility expands as tech stocks plunge following Democratic control of Congress
- 1The Dow Jones Industrial Average rose by more than 1,500 points on Wednesday as Democrats took control of both chambers of Congress.
- 2Wall Street and Main Street investors sold off AI-related and semiconductor stocks on Thursday.
- 3The Nasdaq Composite fell 5.5%, entering a correction phase.
So what's the key point?
The market experienced significant volatility after Democrats took control of both houses of Congress. As more people sold AI and semiconductor stocks, the Nasdaq fell 5.5%.
Source Yahoo Finance · View original ↗
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