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U.S. Stocks Slide as AI Rally Hits a Wall

By Rob CurranU.S. stocks plunged as disappointment in two major chip designers' earnings and postelection fears about curbed data-center development caused a rout in artificial-intelligence companies.The Dow Jones Industrial Average dropped 1833.06 points, or 3.44%, to 51523.06. The broad S&P 500 f…

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SquawkNews Desk 1 updates Updated Nov 05, 2026, 09:37 PM UTC

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09:37:52 PM UTC
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MARKET WRAPSSTOCKS: Stocks plunged and the Nasdaq Composite entered correction territory as postelection fears and mixed chip earnings caused a rout in artificial-intelligence stocks.TREASURYS: Treasury yields fell as traders piled into bonds, seeking safe havens from the stock selloff.FOREX: The U…

By Rob CurranU.S. stocks plunged as disappointment in two major chip designers' earnings and postelection fears about curbed data-center development caused a rout in artificial-intelligence companies.The Dow Jones Industrial Average dropped 1833.06 points, or 3.44%, to 51523.06. The broad S&P 500 f…

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