US stocks post worst drop since April 2025

news.mail.ru (Russian) —

The S&P 500 index fell 4.38% to 7,353.87 points on Thursday, marking its worst performance since April 2025, according to trading data. The Dow Jones Industrial Average dropped 3.5% to 51,511.73 points, while the Nasdaq 100 declined 6.33% to 28,181.25 points. Defense stocks fell, with Lockheed Martin down 3.17% and RTX down 3.3%. Tech shares also declined, including Nvidia dropping 9.26% and Tesla falling 10.77%. The losses followed the Democratic victory in the November 3 midterm elections, with Elon Musk's stocks down about 15% over two days. Democrats will control both chambers of the new Congress, which convenes January 3, 2027.


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