Major U.S. benchmarks faced a severe selloff, with the Nasdaq sliding 5.05% and the Dow losing 1,654 points, as technical resistance triggered a broad retreat across the equity markets.
The Dow reversed sharply from trendline resistance, losing 1,654.46 points (-3.10%) to 51,701.66 and giving back the entire post-election rally, returning to pre-midterm election levels. Downside targets are the daily EMA 200 at 50,712.68 and the lower ascending trendline; EMA 100 at 51,854.87 now acts as resistance. Sustained selling pressure argues for continued weakness unless these supports hold.
The article attributes the drop to widespread selling pressure across major benchmarks, with the index reversing from trendline resistance and erasing all of its post-election gains, falling 1,654.46 points to near 51,701.66.
The S&P 500 fell 301.85 points (-3.93%) to 7,386.77 amid widespread selling pressure, a heavy single-session loss that signals deteriorating short-term momentum. With selling sweeping across all major benchmarks, the risk of follow-through lower in the coming sessions is elevated.
The index dropped 301.85 points, or 3.93%, to 7,386.77, as widespread selling pressure swept across major benchmarks.
The tech-heavy Nasdaq Composite plunged 1,300.264 points (-5.05%) to 24,436.249, the worst of the three benchmarks, indicating selling pressure is concentrated in technology. A decline of this magnitude suggests elevated volatility and risk of continued weakness in the near term.
The Nasdaq Composite fell the most, dropping 1,300.264 points (-5.05%) to 24,436.249.
Lockheed Martin turned lower from a recent higher swing high and fell 2.81% to around $578.30 during the broad market selloff. Technicians see further downside risk toward the daily EMA 100 at 556.02 and EMA 200 at 548.44, though solid bullish confirmation there could set up long entries with stops below $480.00.
Based on the technical levels cited, the stock could slide toward its daily EMA 100 at 556.02 and EMA 200 at 548.44, with key horizontal support near $480.00.
U.S. stock indices suffered a sharp reversal on November 5, 2026, erasing all post-election gains as widespread selling pressure hit major benchmarks. The Nasdaq Composite led the decline with a 5.05% drop, while the Dow Jones Industrial Average fell 3.10% to return to pre-midterm election levels. Technical indicators suggest further downside risk as indices test key moving averages.
The indices experienced a sharp reversal after hitting trendline resistance, leading to widespread selling pressure that wiped out recent post-election gains.
The tech-heavy Nasdaq Composite was the worst performer, plunging 1,300.264 points, or 5.05%.