{"id":345595,"date":"2026-11-05T17:05:08","date_gmt":"2026-11-05T22:05:08","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=345595"},"modified":"2026-11-05T17:05:12","modified_gmt":"2026-11-05T22:05:12","slug":"markets-reverse-post-election-rally-in-tech-sell-off","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-reverse-post-election-rally-in-tech-sell-off\/","title":{"rendered":"Markets reverse post-election rally in tech sell-off"},"content":{"rendered":"\n

If yesterday was the post-election party, Thursday was the hangover. Markets erased Wednesday’s strong gains as investors continued to digest the Democratic sweep of Washington: the S&P -4.36%, the Nasdaq -5.52%, the Dow -3.46% and the TSX -2.03%. Bearing the brunt were AI stocks as the market perceives a slowdown in the AI data centre build and weakening demand for computer chips. Nvidia<\/a> plunged 9.26%, Intel<\/a> slid 10.33% and Sandisk<\/a> cratered 22.26%. Meanwhile, Tesla<\/a> plunged 10.77% though AppLovin<\/a> soared 10.69% after reporting a strong beat. Bitcoin<\/a> fell 5.55% to US$75,695 while the U.S. 10-year yield decreased to 4.839%.<\/p>\n\n\n\n

In Toronto, only three sectors rose, led by telcos, while tech, financials and discretionary tumbled the most. WTI regained nearly 3% to US$4,090 as the markets wait to see if Trump extends an olive branch to Iran or resumes fighting. Major\u00a0movers on Bay Street included Suncor<\/a> down 4.06%, Gildan<\/a> sliding 18.86% and Russel Metals<\/a> plunging 13.62%, though telcos Telus<\/a> gained 2.33% in heavy trading and BCE<\/a> rallied 4.58%. The metals were mixed: silver slipped 0.75% to US$51.70 though gold advanced US$29 to $4,090.<\/p>\n\n\n\n

💾 NVIDIA Corporation (NVDA)<\/a> -9.26%<\/p>\n\n\n\n

💾 Intel (INTC)<\/a> -10.33%<\/p>\n\n\n\n

💾 Sandisk Corp (SNDK)<\/a> -22.26%<\/p>\n\n\n\n

🚗 Tesla Inc (TSLA)<\/a> -10.77%<\/p>\n\n\n\n

💾 AppLovin Corporation (APP)<\/a> +10.69%<\/p>\n\n\n\n

🅱 Bitcoin (BTCUSD) (BTC-USD)<\/a> -5.55%<\/p>\n\n\n\n

🛢 Suncor Energy Inc (SU.TO)<\/a> -4.06%<\/p>\n\n\n\n

👕 Gildan Activewear Inc. (GIL.TO)<\/a> -18.86%<\/p>\n\n\n\n

⛓ Russel Metals (RUS.TO)<\/a> -13.62%<\/p>\n\n\n\n

📱 Telus Corp (T.TO)<\/a> +2.33%<\/p>\n\n\n\n

📱 BCE Inc. (BCE.TO)<\/a> +4.58%<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

If yesterday was the post-election party, Thursday was the hangover. Markets erased Wednesday’s strong gains as investors continued to digest the Democratic sweep of Washington: the S&P -4.36%, the Nasdaq -5.52%, the Dow -3.46% and the TSX -2.03%. Bearing the […]<\/p>\n","protected":false},"author":9,"featured_media":343920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-345595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/345595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=345595"}],"version-history":[{"count":1,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/345595\/revisions"}],"predecessor-version":[{"id":345596,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/345595\/revisions\/345596"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/343920"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=345595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=345595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=345595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}