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via finance.yahoo.comMarkets

After Democratic-sweep rally, AI stocks crack and Nasdaq enters correction

FROM THE WIRE · FINANCE.YAHOO.COM

Wall Street's tumultuous midterm election week kicked off with a celebration among investors. On Wednesday, stocks soared after Democrats swept both chambers of Congress. The Dow (^DJI) surged more than 1,500 points. The S&P 500 (^GSPC) rallied nearly 2%. And in less than 24…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe reversal in AI and chip stocks highlights sharp volatility in tech equities.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01After the vote, the Dow surged over 1,500 points and the S&P 500 rallied nearly 2%.
  2. 02On Thursday stocks plunged and the Nasdaq Composite entered correction territory.
  3. 03The VIX spiked to its highest level since late March.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Applied Materials, Inc.AMATStock332.71 USDMarket closedtoday +4.22%Negative Lam Research CorporationLRCXStock200.44 USDMarket closedtoday +8.23%Negative Dow Jones Industrial AverageINDEX:DJIIndex51,285.73Market closedtoday -0.46%Neutral S&P 500INDEX:SP500Index7,376.86Market closedtoday +0.31%Negative NASDAQ CompositeINDEX:IXICIndex24,579.42Market closedtoday +1.09%Negative CBOE Volatility IndexINDEX:VIXIndex25.64Market closedtoday -9.01%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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