NASDAQ 100's worst single-day drop since 2020 signals major market selloff.
Context
What happened: The Nasdaq 100 fell 6.36% on Thursday, its worst day since 2020, as AI and chip stocks led a broad selloff. All 30 Dow components closed lower.
Key numbers: Nasdaq 100 -6.36% to 26,629.81; Nasdaq Composite -5.52% to 24,315.00; S&P 500 -4.35% to 7,353.85; Dow -1,833.16 points (-3.44%) to 51,528.16; Russell 2000 -4.45%.
Why it matters: Investors weighed what midterm results could mean for the pace of the AI data-center buildout. Treasury yields moved lower and gold caught a bid, but offered little relief to tech. All five major indices remain positive for 2026.
Coverage: 7 outlets in 24h
What changed
The Nasdaq 100 fell 6.36% on Thursday, its worst day since 2020, as AI and chip stocks led a broad selloff. All 30 Dow components closed lower.
Why it matters
Investors weighed what midterm results could mean for the pace of the AI data-center buildout. Treasury yields moved lower and gold caught a bid, but offered little relief to tech. All five major indices remain positive for 2026.
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Nov 06, 2026 01:40 AM ET