Investors are responding to the growing likelihood that a deal for federal stimulus won't happen before the November election.
News & Analysis: S&P 500 INDEX
Apple, Amazon, Alphabet, and Facebook stocks had big gains today.
S&P 500 Drops 33 Points as Mega-Tech Stocks Slide, Cruise Stocks Sink, and Investors Sell "Safe" Stocks Too
Analyst warnings about dot-com bubble valuations have investors selling big tech stocks, while investors continue offloading real estate and utility stocks, usually considered safer investments in uncertainty.
If the stock market plunges again, it'll be one heck of an opportunity for long-term investors.
It's been both a turbulent and triumphant year for investors.
And it has nothing to do with equity valuations.
Even the Dow has gotten into positive territory for the year.
Apple maintained its multi-trillion dollar market cap after an analyst upgrade, while NVIDIA continued to gain after earnings earlier in the week.
One day after breaking the all-time high, the market reversed course.
Did the central bank just take away the punch bowl for stock investors?