Nasdaq plunges into correction territory as Wall Street dumps tech stocks
Nasdaq plunges into correction territory as Wall Street dumps tech stocks
Source: The Signal
Date: 11/05/2026 1:26pm
Article Summary:
Nasdaq Enters Correction Territory as Tech Selloff Deepens on AI Regulation Fears
A broad tech selloff pushed the Nasdaq down nearly 5%, more than 10% below its recent record and into correction territory, while the Dow and S&P 500 also fell sharply. AI-related shares led losses as investors weighed potential regulatory hurdles and concerns about data-center financing; money flowed into Treasury bonds ahead of Friday’s U.S. jobs report.
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Date: 11/05/2026 1:26pm
Article Summary:
Nasdaq Enters Correction Territory as Tech Selloff Deepens on AI Regulation Fears
A broad tech selloff pushed the Nasdaq down nearly 5%, more than 10% below its recent record and into correction territory, while the Dow and S&P 500 also fell sharply. AI-related shares led losses as investors weighed potential regulatory hurdles and concerns about data-center financing; money flowed into Treasury bonds ahead of Friday’s U.S. jobs report.
Read article here »