The Nasdaq Composite closed down 5.52 percent on Thursday, November 5, 2026, its deepest one-day drop in 19 months. CNBC reported the close at 24,315, with the S&P 500 down 4.36 percent and the Dow down 1,833 points. Chipmakers led the fall after Democrats won control of Congress on November 3, raising fears of tighter rules on data centers.
Reuters reported on November 6 that the selloff came on fears of tougher AI regulation, and Euronews reported that the MSCI Asia index fell more than 4 percent on Friday as the sell-off spread. The story covers the market moves, the political trigger, and what to watch next.
Sources:
CNBC, stock market close, Nov 5, 2026: https://www.cnbc.com/2026/11/04/stock-market-today-live-updates.html
Reuters via The Business Times, Nov 6, 2026: https://www.businesstimes.com.sg/international/global/us-stocks-nasdaq-posts-biggest-drop-19-months-democrats-midterm-win-fuels-ai-regulation-fears
Euronews, Nov 6, 2026: https://www.euronews.com/2026/11/06/global-stock-rout-deepens-as-ai-data-centre-fears-fuel-worst-us-chip-sell-off-since-2020
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