Chip stocks lose nearly $4 trillion as S&P 500 tumbles and tech selloff deepens
Photo: Crypto Briefing
At least 25 tech names have fallen more than 20% since the index hit its record close on October 6 The S&P 500 has lost $4 trillion in market value since October 6. Over the same stretch, 25 tech stocks have slipped into bear market territory. A bear market, for the uninitiated, is a drop of 20% or more from a recent peak. The index set its record closing high of approximately 7,819 on October 6, 2026. By the end of October, it had closed around 7,580. The overall decline from peak works out to roughly 3%.
Source: Crypto Briefing
