US markets: Midterm shock vs Economic data
@JC888:
Recap. Last week was the ‘surprising’ week of Democratic sweeping midterm election victories that subsequently, sparked immediate investor fear over impending tech and AI regulatory crackdowns. The political shockwave triggered a massive tech rout that erased trillions in market value and forced major indices into a correction. Consequently, typically crucial US economic reports were completely buried as Wall Street panicked over the unfolding political and corporate. By the time market called it a week: DJIA: -1.39% (-722.5 to 51,285.73). S&P 500: -3.07% (-233.97 to 7,376.86). Nasdaq: -3.99% (-1,020.75 to 24,579.42). The VIX Index. The CBOE Volatility Index (VIX) also experienced a massive surge last week, skyrocketing from Monday’s 21.15 to Thursday’s peak of 28.18. This as market an