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Traders face stock plunge
Major Wall Street trading desks were thrown into disarray as bets on a post-midterm-election stock rally evaporated. Concerns about AI companies wiped $2.3 trillion off the Nasdaq 100’s value, while the S&P 500 fell 4.4%. The declines were compounded by selling from hedge funds and systematic strategies, which could trigger the liquidation of up to $135 billion in stock futures, while individual investors recorded heavy net selling. November 2026.
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