U.S. tech stocks suffered a heavy setback on Thursday. Analysts believe that the root cause of this decline lies more in the breakdown of position structures rather than a collapse in macroeconomic fundamentals. The Nasdaq fell by over 5%, the S&P 500 by over 4%, and the Dow Jones by over 5%. Bloomberg analysis suggests that when the stocks with the largest declines are also those that have been most heavily shorted, it often indicates that bears have made a successful judgment, and the bulls who previously opposed them are forced to exit the market. Margin calls and index rebalancing further exacerbated the selling pressure. Market participants also warn that even after the significant drop, tech stock valuations remain high, and there are currently no clear signs of buying interest entering the market.

U.S. stocks suffered a heavy setback on Thursday, with the S&P 500 index falling 4.4% and the Nasdaq 100 index plummeting 6.4%, with chip stocks leading the decline. There are concerns in the market that the Democratic Party's potential victory in the midterms could lead to restrictions on the expansion of the artificial intelligence industry; meanwhile, Apple plans to issue about $7 billion in investment-grade bonds, while Microsoft has strengthened supervision over some new cloud data center projects.

Ford F-150 Lightning become popular in the second-hand market after production of new models ceased, with transaction prices 50% to 60% lower than the listed prices, and are sold on average in about 20 days. Ford also plans to launch a new electric pickup truck Fathom with a starting price of less than $30,000 in 2027.

Europe's largest asset management company, Amundi, announced on November 5, 2026, that it would launch tokenized share classes for its STOXX Europe 600 stock index fund on Ethereum, while retaining the existing traditional investment channels. The company stated that it also plans to expand its range of tokenized fund products for institutional clients and digital platforms in the future; meanwhile, RWA.xyz data shows that the global tokenized stock market had reached a scale of $4.24 billion as of November 4.

On November 5th, the trading price of SKY approached $0.0675, but its price outlook still depends on whether it can break through the resistance range of $0.070 to $0.072. Trader Crypto With Gopal set a conditional rebound target of $0.085; meanwhile, the third-quarter data released by Sky Frontier Foundation showed that although total revenue decreased, net income increased due to reduced expenses.