aceNasdaq heading for worst day in 18 months as Wall Street sustains widespread losses
The tech-heavy US Nasdaq share index is on track for its worst day in 18 months after slumping by up to 5% on Thursday amid growing signs that the artificial intelligence industry will face tougher regulation after this week’s midterm elections. As Wall Street sustained widespread losses, the Nasdaq composite tumbled into ‘correction territory’ – more than 10% below its recent record high. The index was heading for its biggest one-day fall since Donald Trump announced his ‘liberation day’ tariffs on US trading p…
The Nasdaq fell as much as 5% on Thursday into correction territory, its worst day in 18 months, as investors expected tougher scrutiny of AI datacentre expansion after the midterms.
The figures are intraday moves, with the Nasdaq described as on track for its worst day, and one strategist called the sell-off 'totally overdone', so the final impact is unclear.
Sources
- JournalismThe Guardian2026-11-05
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