AI Stock Rout Sends Wall Street Tumbling as Post-election Rally Fades

WHO:

NY Post - S&P 500 firms and Nasdaq companies lost market value.

NY Post - Investors were described as panicking over a potential reckoning for data centers.

Deadline - Chip and AI stocks were at the center of the sell-off.

Boston.com News - AI stocks were involved in the sell-off.

WHAT:

NY Post - S&P 500 firms shed $2.9 trillion in market value, and Nasdaq companies lost $2.5 trillion; both were single-day records.

Deadline - The Dow Jones Industrial Average fell 1,800 points, or about 3.4%; the S&P 500 fell 4%; and the Nasdaq fell 5.2%.

Deadline - The sell-off erased all the gains from the post-election rally and more.

Boston.com News - The Dow Jones Industrial Average dropped more than 1,800 points, the Nasdaq Composite fell 5.5%, and the S&P 500 fell 4.4%.

WHERE:

NY Post - The market-value losses occurred on Wall Street.

Deadline - The market declines affected U.S. stock indexes, including the Dow, S&P 500, and Nasdaq.

Boston.com News - Wall Street was affected by the sell-off.

WHY:

Bloomberg Markets - Fears about the stock market rout had shadowed Wall Street intermittently for months before investors rushed for the exits.

NY Post - Investors panicked over a looming data-center reckoning following Democrats’ midterm sweep.

Deadline - A sharp sell-off in chip and AI stocks drove the market declines.

Boston.com News - A brutal sell-off in AI stocks sent Wall Street lower.

HOW:

NY Post - The sell-off was reflected in record single-day market-value losses for S&P 500 firms and Nasdaq companies.

Deadline - The declines reversed the post-election rally by the market close.

(UPDATED November 5, 2026 23:06 UTC)

Wall Street suffered record losses as investors rushed to sell amid fears over data centers. Chip and AI stocks led the rout, wiping out recent post-election gains. The Dow plunged more than 1,800 points, while the S&P 500 fell four percent.

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(UPDATED November 5, 2026 22:14 UTC)

Wall Street suffered record losses as investors fled chip and artificial-intelligence stocks. The S&P 500 shed four percent, while the Nasdaq plunged more than five percent. The sell-off erased post-election gains, amid fears of a data-center reckoning.