S&P 500 drops 4.4%, triggering sell rules; midterm trends still favor stocks over next year.

The S&P 500 fell 4.4%, breaking below key technical levels and triggering preset sell rules, pausing new growth stock purchases. Despite the drop, the index remains above its 200-day average and historically tends to rebound within a month after similar declines. Midterm election history suggests markets generally rise a year after the vote, supporting a positive outlook for stocks. However, upcoming state-level restrictions on AI data centers pose a potential risk to the sector's growth.

As of Nov 08, 2026 20:31 WIB, the technology sector on Pluang shows resilience despite the broader market drop, with the XLK ETF up 1.50% at USD 164.74. This contrasts with the S&P 500's 4.4% decline mentioned in the article. The XLK's market cap stands at $107.73 billion, and all recent Pluang order activity is on the buy side, highlighting investor interest in tech stocks amid election-related market shifts.