EUROPE CLOSE : AI AND CHIP LIQUIDATION DRAGS EQUITIES LOWER IN US , BUT EUROPE IS MIXED .

What happened: US equities sold off as AI and chip names were liquidated after the midterm elections, while European stocks finished mixed. Key numbers: Dow 51,861.18, down 2.81%. S&P 500 7,410.86, down 3.61%. Nasdaq Composite 24,502.75, down 4.79%. Russell 2000 2,739.70, down 4.10%. Why it matters: The selling spread beyond chipmakers into power and infrastructure names tied to the AI buildout. The Nasdaq indices bounced off their lows, but the Dow and Russell remained at theirs, and a break below those lows would put sellers back in position to extend the move.

US equities sold off as AI and chip names were liquidated after the midterm elections, while European stocks finished mixed.

The selling spread beyond chipmakers into power and infrastructure names tied to the AI buildout. The Nasdaq indices bounced off their lows, but the Dow and Russell remained at theirs, and a break below those lows would put sellers back in position to extend the move.