U.S. stock market reportedly regains nearly $500 billion on Election Day amid tech weakness

Kalshi Finance said nearly $500 billion was added back to the U.S. stock market on November 3. One trader saw weakness in AI infrastructure, software and biotech despite strength in equal-weight stocks and defensive sectors. The trader said oil's drop had not brought equities relief and was waiting for an index-level sell-off, a volatility spike and heavier trading volume before considering a bounce.