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U.S. stock markets experienced significant declines following the Democratic victory in Congress, with the tech sector being the most impacted. The Nasdaq dropped around 5%, while the Dow Jones fell over 1,500 points, erasing approximately $2.5 trillion in market value. Concerns over potential stricter regulations on tech companies and disappointing earnings from Qualcomm contributed to the downturn. Investors shifted towards government bonds, leading to a decrease in yields. Despite some signs of recovery, major indices continued to face substantial losses, with the S&P 500 heading for its worst session since April 2025.
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