Post-Midterm Elections Rally Reversed by Tech Sector Decline

• The S&P 500 had its worst daily decline since April 2025.
• The tech-heavy Nasdaq entered correction territory.
• Investors are concerned about the sustainability of the A.I. build-out.
• The Nasdaq plunged 5%, with a significant impact on chip stocks.
• The 'Magnificent 7' lost over $1 trillion in value.