Stock Market Crash: Why US Stocks Now Swing Like Meme Tokens

On Friday, 30 October 2026, the biggest names on Wall Street moved like meme tokens. Intel closed 28.6 percent lower, its worst day since 1974 according to CNN. Reddit lost 29.2 percent, the worst session since its 2024 IPO, as CNBC reported. Illumina fell 18.6 percent and Roblox 18.1 percent. The Nasdaq Composite dropped 2.86 percent to 25,437 points, the S&P 500 1.82 percent, both their worst day since June. For comparison: Bitcoin, the asset that is regularly called too volatile, has not lost more than 16 percent in a single day since March 2020.