Wall Street Experiences Brutal Sell-Off as Nasdaq Enters Correction Amid Fears of AI Data Center Slowdown

Major U.S. stock indexes closed sharply lower on Thursday, November 5, 2026, with the Nasdaq Composite falling 5.52% and entering correction territory, more than 10% below its recent high. The S&P 500 dropped 4.36%, and the Dow Jones Industrial Average fell over 1,800 points. This sell-off was driven by investor fears that Democratic victories in the U.S. midterm elections could lead to tougher regulation and a slowdown in AI data center build-outs, significantly impacting chip and AI-related stocks like Nvidia (-9.26%) and AMD (-17.26%).