Thursday delivered the kind of session that makes seasoned traders check their hands for tremors. Fear spread fast and wide, the riskiest corner of the options market got very busy, and at least one prominent investor decided to be a buyer. 

Read on for what spooked everyone, who kept a cool head, and what history says tends to come next.

The U.S. national debt just passed $40 trillion. Servicing it now costs more than the entire defense budget.

See what that means for your savings.

Inflation is still above 3.5%, so every dollar in cash quietly buys less. Central banks are stockpiling gold at the fastest pace in decades.

Tap for Your Complimentary Gold IRA Guide.

It covers IRA-eligible metals, secure storage, and a BuyBack Guarantee.

Claim Your Complimentary Guide

*This is an advertisement. If you no longer wish to receive promotional emails, please unsubscribe here or write to: 203 Heritage Grove Road, Leander, TX 78641

Investors dumped chip and data center stocks in a panic, betting that Wednesday’s election result means a slower AI buildout.

That pushed the Nasdaq into correction territory and handed the S&P 500 its worst day since April 2025, with the semiconductor index sinking more than 12%. Bearish options bets boomed, with seven of the ten most active one-day contracts tied to the major indexes being puts. 

Crypto billionaire Mike Novogratz said he was buying more shares of Galaxy Digital. House Democrats, meanwhile, are already preparing to call AI executives to testify under oath.

History offers some comfort, since the Nasdaq has averaged a 23% gain in the year after past corrections. Treasury yields fell to their lowest since Sept. 9 as investors ran for safety.

Apple reportedly seeks $7 billion through a U.S. dollar bond sale, returning to corporate debt markets as technology companies raise funding, although Reuters could not independently verify Bloomberg's report.

Assurant acquired Canadian equipment protection provider Protection Point, bringing its existing partner in-house to strengthen distribution, dealer relationships and claims administration across agriculture, construction, material handling and forestry.

Amgen linked Repatha to a 20% lower heart attack risk, compared with cholesterol treatment ezetimibe, in an observational study covering more than 544,000 adults with heart disease and prior statin use.

Hims & Hers added 4 subscriber benefits partners, expanding its network to 14 companies, with discounts covering nutrition, medical transport, home fitness and health testing through Grüns, Medjet, Tonal and Viome.

President Trump signed Executive Order #14330 — opening physical precious metals to retirement portfolios when it takes effect in 2027.

But if you're 59½ or older, you can move part of your 401(k) or IRA into gold today — tax-deferred and penalty-free. J.P. Morgan has outlined a path toward $8,500 an ounce.

Yes, Send Me My FREE Retirement-to-Gold Guide.

© 2026 APR Insights. All rights reserved. Tax benefits depend on individual circumstances. Always consult a tax professional. Not all retirement accounts qualify.

*This is an advertisement. If you no longer wish to receive promotional messages from this advertiser, please unsubscribe here. Or write to: 351 Paseo Nuevo, Floor 2, Santa Barbara, CA, US 93101.

MasTec suspended late-stage acquisition talks to prioritize share repurchases, using its existing $250 million authorization, with the full amount available and purchases dependent on market conditions, liquidity, and other funding needs.

Dropbox agreed to acquire Tigris Data for $350 million, expanding its cloud storage business alongside the launch of DBX Agent Cloud, with the acquisition expected to close during the fourth quarter.

Antelope Enterprise Holdings [AEHL] $17.44 (+178.15%)

Antelope Enterprise Holdings went vertical on a day when almost everything else went down, climbing from about $6 to $17 on roughly 130 times normal volume.

No headline explains the leap, and the stock has form: it spiked past $30 intraday on Oct. 14 before closing near $11. Thin float, big swings, and plenty of whiplash.

AppLovin [APP] $356.10 (+31.04%)

AppLovin delivered a quarter that made its skeptics sit down: revenue of $2.18 billion against $2.07 billion expected, EPS of $4.30 against $4.04, and a fourth quarter forecast of $2.37 billion to $2.40 billion versus roughly $2.25 billion on the Street.

The ad tech name lit up while chip stocks cratered, and analysts raised targets to $450 and $475.

Portillo’s [PTLO] $7.02 (+28.81%)

Portillo’s served a quarter with extra sauce: revenue up 7% to $194.1 million, adjusted EBITDA up nearly 24%, and a raised full-year EBITDA outlook of $98 million to $101 million.

A new strategic plan promises faster restaurant growth and the closing of a handful of underperformers outside Chicagoland. Even the CEO cautioned that one quarter does not make a trend.

Veracyte [VCYT] $24.00 (-54.30%)

Veracyte beat the quarter, with revenue of $151.8 million up 15% and EPS of $0.51 against $0.41 expected, then cut its full-year revenue forecast, and the market only cared about the second part.

Leerink downgraded the stock to market perform, a $100 million buyback was shrugged off, and the diagnostics darling lost more than half its value.

mF International [MFI] $5.31 (-29.20%)

mF International, the Hong Kong trading platform firm that pivoted to a Bitcoin Cash treasury plan funded by a $500 million private placement at $10 a share, slid as risk appetite vanished.

Only about 9,000 shares traded, so the screen price is jumpy. At $5.31, the stock now sits barely above half of what placement investors paid.

Orion Energy Systems [OESX] $13.55 (-28.68%)

Orion Energy Systems had a mixed quarter: revenue rose 9% to $21.7 million, and LED lighting jumped 40%, but EV charging fell 41%, gross margin slipped to 28.7% from 31.0%, and the $0.20 per share loss missed estimates.

Management reiterated its $100 million to $102 million full-year revenue target, though investors clearly wanted more spark.

Porter Stansberry believes a new U.S.-led economic initiative could reshape how capital flows through critical minerals, energy, semiconductors, and AI infrastructure.

He argues the shift could ultimately have major implications for the dollar, global trade, and the assets investors choose to own.

With world leaders gathering in Miami this December, he believes the story could soon move into the spotlight.

See Why Porter Believes a New Dollar Reset Is Taking Shape

That's it for today! Please, write us back, and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback!

Thanks for reading. I'll see you at the next open! 

Best Regards,
— Adam G.
Elite Trade Club

Click here to get our daily newsletter straight to your cell for free.

P.S. Just like this newsletter, it's 100% free*, and you can stop at any time by replying STOP.