U.S. stock markets faced a significant downturn on November 14, 2025, with technology and AI stocks at the forefront of the decline. The Nasdaq Composite Index fell by as much as 2% intraday, while the S&P 500 saw a decrease of approximately 1.7%. High-growth companies such as Chegg, Etsy, Snap, and Robinhood experienced notable losses, although Robinhood remains up over 200% for the year. E-commerce and social media platforms, including eBay, Bumble, and Shutterstock, recorded declines of 3–4%, while Reddit and Teladoc saw drops of 5–6%. The sell-off was driven by a shift towards value stocks as investors responded to macroeconomic data and central bank discussions on global economic risks.