---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000972808.md"
description: "NDX plunged -6.4% and SPX fell -4.4%, the market’s worst day since April 2025 as investors bailed from technology shares on speculation that congressional Democrats will clamp down on the artificial-intelligence industry.A rotation away from AI and toward defensive sectors morphed into a broader rout, with the VIX rising the most in two years to 28 from 17.  Bitcoin sank -6%. $SOXX, the semiconductor ETF fell -12%.  In a rush for safety, treasury bond yields fell -5.5bp to 4.85% despite higher oil prices (brent crude +4%). $NVIDIA(NVDA.US) -9.3% today and is now down -3% YTD.  $Tesla(TSLA.US) -11% and $SpaceX(SPCX.US) -9% as odds of a potential TSLA-SPCX merger fell.  Fading AI enthusiasm prompted investors to trim bets of a December Fed rate hike to 66% from 82% yesterday. Tomorrow’s Oct jobs report could extend  today’s rout if too strong (>130K) or too weak (if negative).  WS consensus for Oct non-farm payrolls is +65K new jobs."
datetime: "2026-11-05T21:55:20.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000972808.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000972808.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000972808.md)
author: "[Gary Black Tracker](https://longbridge.com/en/profiles/17077344.md)"
generator: "portal-rs"
---

# NDX plunged -6.4% and SPX fell -4.4%, the market’s…


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## Comments (1)

- **successful · 2026-11-05T23:39:44.000Z**: K


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**