Tech and AI stocks plunge as Nasdaq loses $2.5tn after election-driven regulatory fears
Shares in major technology and artificial intelligence companies fell sharply on Thursday, deepening a market rout that wiped an estimated $2.5tn from the Nasdaq Composite. The selloff came as investors reacted to Democratic wins in key data-centre states and the prospect of tougher regulation on data centres and AI infrastructure. The losses also dragged down other major US indexes, with the S&P 500 and Dow Jones Industrial Average both closing lower.Nvidia fell more than 9%, while AMD and Micron each dropped by more than 17%. Intel was down 10.3%, and SanDisk plunged by more than 22%, underscoring how heavily exposed... [Continue Reading]
360LiveNews | 05 Nov 2026 22:04 LONDON
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Democrats win US midterms and vow to rein in Trump
Democrats have claimed a major victory in the US midterm elections, saying they will use their new strength in Congress to restrain President Donald Trump. The result points to a divided government in Washington for the next two years and sets up a period of likely confrontation over spending, policy and oversight. According to the reported results, Democrats took control of the Senate and made substantial gains in the House of Representatives.The reported Senate margin was at least 54 seats to 44, after Democrats flipped seats in states that are usually strongly Republican. They also gained at least 30 seats... [Continue Reading]
360LiveNews | 05 Nov 2026 04:02 LONDON
