US Stock Market Plunges Over $3 Trillion After Democrats' Gains, AI Bubble Fears Grow

The US stock market experienced a significant decline, with the Nasdaq Composite dropping 5.5% and market capitalization reducing by $2.5 trillion. The PHLX Semiconductor index fell 12.25%, the largest drop since the pandemic. The S&P 500 decreased by 4.4%, marking its worst day since April 2025. Total market value for companies in the S&P Composite 1500 fell by $3.2 trillion.

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