Macro Finance
Chip Stocks Sink as Traders Rotate Into ‘Old Economy’ Stocks
Bloomberg Markets·November 5, 2026·1 min read
US equities plunged Thursday as investors rotated out of chipmakers, looking past the initial relief rally after the midterm elections. The selloff deepened as traders shifted toward 'old economy' stocks, reflecting concerns about the tech sector's valuation and potential policy changes. The rotation marked a significant market move, with chip stocks leading declines.
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