Wall Street Is Now More Scared Than Crypto Traders After a 70% Fear Gauge Spike

Wall Street’s fear gauge jumped nearly 70% on Thursday as the Nasdaq crashed 5.52%. Sentiment readings now place US stocks in deeper fear than crypto, flipping the usual order. CNN’s Fear and Greed Index for stocks sits at 20, in extreme fear. The crypto version reads 28, yet it lost 22 points in one day, leaving Bitcoin (BTC) holders exposed to sharper sentiment swings. Why Did Wall Street’s Fear Gauge Spike 70% in a Day? The Nasdaq Composite fell 5.52% to 24,315 on November 5, entering correction territory. Meanwhile, the S&P 500 lost 4.36%, and the Philadelphia Semiconductor Index sank 12.25%. Chipmakers took the heaviest damage. Democrats won Congress and three governor races in major data center states, adding pressure on tech stocks already weighed down by AI spending doubts.

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