{"id":70883,"date":"2026-02-04T18:31:43","date_gmt":"2026-02-04T18:31:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=70883"},"modified":"2026-02-04T18:31:43","modified_gmt":"2026-02-04T18:31:43","slug":"software-stocks-plummet-bitcoin-erases-post-trump-election-rally-whats-moving-markets-wednesday","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=70883","title":{"rendered":"Software Stocks Plummet, Bitcoin Erases Post-Trump Election Rally: What&#8217;s Moving Markets Wednesday?"},"content":{"rendered":"<div>\n<p>The software-led tech selloff extended into Wednesday, with the<strong> iShares Expanded Tech-Software Sector ETF<\/strong> <a class=\"ticker-link\" data-ticker=\"IGV\" data-exchange=\"ARCA\" href=\"https:\/\/www.benzinga.com\/quote\/IGV\" target=\"_blank\" rel=\"noopener\">(NYSE:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/IGV\">IGV<\/a>) falling for a seventh straight session and sliding back to levels last seen during the <a href=\"https:\/\/www.benzinga.com\/markets\/economic-data\/26\/02\/50354156\/2026-market-reversal-long-energy-oil-services-short-software-ai-rewrites-regimes\">April 2025 tariff shock.<\/a><\/p>\n<p>The weakness spilled across the broader tech complex. The Nasdaq 100 fell 2.2%, after Tuesday&#8217;s 1.7% decline, as investors continued to rotate aggressively out of long-duration growth and into energy and materials.<\/p>\n<p>That rotation has been unusually violent. <\/p>\n<p>The <strong>Energy Select Sector SPDR Fund <\/strong><a class=\"ticker-link\" data-ticker=\"XLE\" data-exchange=\"ARCA\" href=\"https:\/\/www.benzinga.com\/quote\/XLE\" target=\"_blank\" rel=\"noopener\">(NYSE:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/XLE\">XLE<\/a>) has outperformed the <strong>Technology Select Sector SPDR Fun<\/strong>d <a class=\"ticker-link\" data-ticker=\"XLK\" data-exchange=\"ARCA\" href=\"https:\/\/www.benzinga.com\/quote\/XLK\" target=\"_blank\" rel=\"noopener\">(NYSE:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/XLK\">XLK<\/a>) by roughly 10 percentage points over the past two sessions, marking the largest relative move between energy and tech since November 2020, during the Covid-19 vaccine breakthrough.<\/p>\n<p>Crypto markets echoed the tech risk-off tone. <strong>Bitcoin<\/strong> <a href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) slid 2.5% to around $73,000 \u2014 its lowest level since early November 2024 \u2014 fully erasing the post-Trump election &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/equities\/26\/02\/50387282\/software-stocks-plummet-bitcoin-erases-post-trump-election-rally-whats-moving-markets-wednesday?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Software\" stocks plummet bitcoin erases post-trump election rally: what moving markets wednesday>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The software-led tech selloff extended into Wednesday, with the iShares Expanded Tech-Software Sector ETF (NYSE:IGV) falling for a seventh straight session and sliding back to levels last seen during the April 2025 tariff shock. The weakness spilled across the broader tech complex. The Nasdaq 100 fell 2.2%, after Tuesday&#8217;s 1.7% decline, as investors continued to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-70883","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/70883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70883"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/70883\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}