Wall Street Tumbles as S&P 500 Drops 3.8%

The S&P 500 dropped 3.8% on Thursday, a sharp reversal from the stock-market records President Trump celebrated a day earlier, according to Decrypt. The decline followed a session in which AI stocks were described as a significant drag on Wall Street. Attention turned to emergency trading halts as the selloff accelerated. The available report does not say that a circuit breaker was triggered, so the discussion concerned the thresholds and mechanisms that could pause trading during unusually steep declines rather than a confirmed halt. Decrypt’s account places the drop immediately after Trump publicly marked record equity-market levels. That timing highlighted how quickly sentiment and market conditions can change, with the reported 3.8% loss concentrated in a single session and AI-linked equities contributing to the pressure. Crypto markets showed little immediate reaction. Total market capitalization was $2.61 trillion and the broader market was flat, while Bitcoin was down 0.07% over 24 hours. The Fear & Greed index stood at 28, indicating fear. Among the listed assets, JUST traded at $0.144143, up 1.12% over 24 hours and 6.36% over seven days, with a market capitalization of $1.16 billion. The contrast between the equity selloff and stable crypto totals suggests no broad digital-asset outflow was captured in the supplied market snapshot.