S&P 500 sinks 4.4% as tech selloff pushes put/call ratio above 1.0
Tech stocks drove the S&P 500 down 4.36% to 7,353.73, and the Cboe equity put/call ratio hit 1.05, per Seeking Alpha; the index held its 200-day average.
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what happened
Seeking Alpha reports that the Cboe equity put/call ratio rose to 1.05 on Thursday, a reading above the level seen on Liberation Day in April 2025. Ryan Detrick, chief market strategist at Carson Group, made the point. He noted that earlier readings above 1.0 came near short-term market bottoms and asked whether the current signal is different.
US stocks reversed after Wednesday's rally as technology shares came under heavy pressure. The S&P 500 lost 334.89 points, or 4.36%, closing at 7,353.73. It dipped to 7,350.35 during the session after opening at 7,678.72.
Despite the drop, the index stayed above its 200-day moving average of 7,322.74. The close was about 31 points, or 0.4%, higher than that line, and the session low also held above it.
why it matters
A decline of nearly 4.4% in one session is rare for a broad index and shows how quickly sentiment can shift when selling concentrates in technology. The rise in the put/call ratio suggests more investors are buying protection against further losses, so traders are watching whether the 200-day average holds.
market impact
US stocks: tech-led selloff pressures the S&P 500 and raises demand for downside protection
- S&P 500 pressure down — tech-stock selling pulled the index down 4.36% in a single session
instruments
on polymarket
sources
- Equity put/call ratio tops 1.0 as S&P 500 suffers 4.4% slide — Seeking Alpha, 6 November 2026 at 09:41 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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