Tech stocks in bear market territory with S&P 500 down $4 trillion since October 6th; Coinbase, Robinhood, and Circle among major losers.

Macro & Markets · 2026-11-05

Tech stocks have declined sharply, with the S&P 500 erasing $4 trillion in market capitalization since October 6th. Among the steepest declines are SanDisk down 66%, Arm Holdings down 64%, and Coinbase down 63%, while crypto-related companies Robinhood and Circle have fallen 38% and 54% respectively. The losses span semiconductor, software, and financial services sectors, with 25 major tech stocks all trading down significantly from recent highs.

Previously on Telem

Nasdaq 100 down $5 trillion, Coinbase falls 62 percent 2026-10-30
Crypto platforms Coinbase, Circle, Robinhood down 40-56% 2026-10-29
Coinbase CEO Armstrong and insiders file $2.18B stock sale plan 2026-10-30
Coinbase adjusted EBITDA beats estimates by $50M 2026-10-29
Shopify and Coinbase launch stablecoin payment protocol on Base 2026-10-29