Post-election surge reverses sharply

The Nov. 4 rally was followed by a sharp Thursday reversal, with reported losses of 4.4% for the S&P 500 and 5.5% for the Nasdaq, alongside a steep semiconductor decline. The selloff has extended into Asian markets, including a roughly 6% drop in Japan’s Nikkei; coverage varies on exact U.S. index readings, and the election-linked explanation is unconfirmed.