Power stocks fall 9%-14% despite Dow rally, Insight Guru says
Bitget2026/11/05 13:44- US stocks diverged sharply on Nov. 4, with power shares falling 9-14% while health insurers and hospitals gained 10-13%.
- The Dow rose 3.03% to 53,356, its strongest session since April 2025, following Democrats' congressional victory.
- The Nasdaq 100 had closed more than 10% below its Oct. 6 peak on Monday, entering its third correction this year.
- The AI selloff reflected concerns over whether roughly $900 billion in worldwide AI spending this year would generate adequate returns.
- The analysis favored predetermined buying and trimming levels over market predictions, citing sharply different outcomes across sectors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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