Why Is the US Stock Market Crashing? 3 Reasons Behind the $2 Trillion Wipeout
Image: BeInCrypto
US stocks shed roughly $2 trillion in market value within an hour of Thursday’s open. Chipmakers led the sell-off on fears that Democrats will slow America’s AI data center boom. The S&P 500 fell 1.8% in the first 30 minutes, wiping out Wednesday’s post-midterm gain, its best day in three months. Its losses later topped 3%, the worst intraday drop since April 2025. The tech-heavy Nasdaq slid into correction territory, meaning 10% or more below its recent peak, while the Dow fell 1,000 points. Why Is the US Stock Market Crashing Today? Three pressures hit chip and AI stocks at the same time. 1. Democrats Threaten America’s AI Data Center Boom Democrats won both chambers of Congress on Tuesday and flipped governor’s races in Texas, Georgia, and Ohio.
Read the full story on BeInCryptoBeCrypto News shows a short excerpt and links to the publisher. The full report belongs to BeInCrypto.
