WALL STREET WIPEOUT : BRUTAL AI SELL - OFF SENDS MARKETS REELING

What happened: A sell-off led by AI data center stocks swept Wall Street Thursday, more than erasing the market's gain from the day before. The S&P 500 fell 4.4%, its worst day since April 2025. Key numbers: S&P 500 fell 334.89 points to 7,353.73. Dow dropped 1,833.06 points, or 3.4%, to 51,523.06. Why it matters: Worries that AI data center construction may slow, due to borrowing costs and Democratic midterm wins that could lead to construction pauses, hit stocks that carry heavy weight in the S&P 500. Investors moved toward Treasuries as stocks fell.

A sell-off led by AI data center stocks swept Wall Street Thursday, more than erasing the market's gain from the day before. The S&P 500 fell 4.4%, its worst day since April 2025.

Worries that AI data center construction may slow, due to borrowing costs and Democratic midterm wins that could lead to construction pauses, hit stocks that carry heavy weight in the S&P 500. Investors moved toward Treasuries as stocks fell.