U.S. Market Capitalization Evaporates $3.2 Trillion After Midterm Elections; Chip Stocks Plunge 12%

Following the U.S. midterm elections, Wall Street's market capitalization evaporated $3.2 trillion in a single day, according to market data. Semiconductor stocks plummeted 12% on November 5, marking the second-largest single-day decline in history. However, historical data cited by Reuters shows that U.S. equities typically perform strongly in the year following midterm elections.
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