The stock market survived the longest government shutdown in U.S. history with minimal impact. But it tumbled on Thursday, November 13, amid a sell-off of tech stocks as worries about overinflated values and interest rate cuts grew.

Take the S&P 500, which shrank 1.66% to 6,739.49, or the Dow Jones Industrial average, which went down by 1.65% to 47,457.22—both at their lowest in over a month.

It was only the day before that the Dow had surpassed 48,000, reaching a new record high. The Nasdaq composite met a similar fate, dropping 2.29% to its month low of 22,870.36.

Many tech stocks felt the effect. Shares of electric vehicle maker Tesla (Nasdaq:TSLA) dropped 6.64% on Thursday, followed by another 4.78% at one point during after-hours and premarket trading on Friday.

Palantir Technolog

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