US stock market has a highly volatile trading session after the melt up on election day yesterday, pulling SPY near 378 before finding support. Today's sell-off mainly stems from pessimistic sentiment about political divisions as the race for Senate control remains unresolved.
Technology, finance, energy, and retail sectors strongly pulled the market in the morning session except META after officially announcing plans to cut 11,000 jobs, equivalent to 13% of its workforce.
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