Stocks Give Back Election Day Rally, And Then Some

Yesterday's historic rally gave way to an even greater historic selloff today, with the collapsed tech sector gripping Wall Street. The Dow dropped 1,833 points, while the S&P 500 and Nasdaq fell 334 and 1,421 points, respectively. All three major indexes suffered their worst single-session percentage decline since the Liberation Day rout on April 5, 2025.

For the Nasdaq, however, today's net drop is its worst in over 26 years, with the tech-heavy index now in correction territory. No sectors were spared today, but chip ETF iShares Semiconductor (SOXX) was hit the hardest, shedding 12%. The Cboe Volatility Index understandably spiked 69.7%, its largest one-day pop since Dec. 18. 

• Do you buy the dip on Nvidia stock?
• How open interest can benefit your trading
• Plus, a quantum computing stock to avoid; EXPE in trouble; and Unity stays strong. 

5 Things to Know Today

1. What to expect from the S&P 500 after Election Day. 
2. Celebrate Black Friday early, with our short-term options service.
3. Rigetti Computing stock has a massive week ahead.
4. Expedia stock breaches a key level.
5. How this video game stock bucked today's selloff.

Oil Back Above $90 as Tanker Attacks Weigh

Oil prices rallied today, as attacks on tankers in the gulf continue. December-dated West Texas Intermediate (WTI) gained 3%, or $2.59, to close at $90.71.

Gold prices kept up the momentum as the U.S. dollar weakened with bond yields. December-dated gold futures rose 1% to settle at $4,113.50 per ⁠ounce.