US Stock Markets Decline Significantly Following Midterm Election Results and AI Sector Sell-off

The Nasdaq Composite dropped over 5.1% and the S&P 500 nearly 4% on Thursday, reacting to Democratic midterm election victories. Investor concerns about potential regulation of data center building contributed to a second day of declines in AI-linked and chip stocks. The Cboe Volatility Index (VIX) also surged, indicating increased market apprehension.