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S&P 500 Falls 4.36% and Nasdaq Drops 5.52% After Midterm Elections
S&P 500 falls 4.36% and Nasdaq drops 5.52% a day after US midterm elections, with the Dow down 3.44%.
US stocks tumbled on Thursday, a day after midterm elections, with the S&P 500 down 4.36% and the Nasdaq Composite off 5.52%. Every sector finished lower, and the Dow Jones Industrial Average fell 3.44%. Exit polls showed AI infrastructure was a key issue, and voters backed politicians promising to clamp down on data centers. Brian Mulberry of Zacks Investment Management said the sell-off capped weeks of worry over declining free cash flow at hyperscalers.
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S&P 500 Falls 4.36% and Nasdaq Drops 5.52% After Midterm Elections
All three major U.S. stock indices finished sharply lower the day after the midterm elections. The S&P 500 fell 4.36%, the Dow Jones Industrial Average dropped 3.44%, and the Nasdaq Composite slid 5.52%. Investors had initially welcomed the Democratic election result, but the mood reversed by the close. Market reports attribute the selloff to fears over restrictions on data centers, uncertainty about AI spending, and doubts about tech company profitability. The decline affected stocks across nearly every sector, according to the reporting.