Benchmark indices on Wall Street sold off and then some more, giving up all of the post mid-term election rally on Thursday, November 5, as investors dumped almost everything they could lay there hands on. From old economy, to data centers and AI-linked stocks, none were spared in what turned out to be the worst day for the Dow Jones, S&P 500, and the Nasdaq Composite since April 2025.
\n\nFears about a clampdown on the AI expansion and data center buildout after democrats take charge of the House and Senate from January next year led to the steep sell-off across the board.
\n\nHere are 15 things you should know about Thursday's steep sell-off on Wall Street:
\n\nThe Dow Jones fell over 1,800 points on Thursday, giving up the entire 1,500 point rally it had just the day prior after the midterm election results. All 30 stocks of the index ended with losses. The index is now down over 6% from its peak.
\n\nThe Nasdaq Composite fell 5.5% on Thursday and has now entered a "technical correction", meaning a fall of more than 10% from the peak.
\n\nThe S&P 500 also fell 4.4% on Thursday and is down over 6% from…
Original source: https://www.cnbctv18.com/technology/
