S&P 500 Plunges, Wall Street Fears Circuit Breaker, Just One Day After Trump Celebrated Record Highs

The S&P 500 fell 3.8% on Thursday, one day after Trump celebrated record highs, with AI-related stocks leading the decline. The drop was sharp enough to put emergency circuit-breaker trading halts in focus on Wall Street. A broad equity selloff of this size typically pressures crypto prices too, since risk assets tend to move together during sharp drawdowns.