S&P 500 Crash: $2 Trillion Wiped Out After Democrats’ Big Win

The S&P 500 crash accelerated on Nov. 5 as U.S. stocks reversed their post-election advance. The Kobeissi Letter estimated that the index lost $2 trillion in market value within 40 minutes. Technology shares led the retreat after Democrats won control of Congress. The reversal extended beyond equities as Bitcoin price declines tracked weakness across risk assets. Investors also faced questions about artificial intelligence spending, financing costs, and future policy decisions. The election result coincided with these pressures, but did not establish a single cause for the selloff.