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Tags: Wall Street $3.2tn Market Value Loss
Wall Street $3.2tn Market Value Loss
Tag "Wall Street $3.2tn Market Value Loss" — all articles
06
2026-11
Midterm Election Results Trigger AI Bet Reversal as Nasdaq Plunges 6.4% in a Single Day
New York stocks suffered a violent sell-off on Nov 5, with the Nasdaq 100 index plunging 6.4% in a single day. According to the Financial Times, a landslide Democratic midterm victory triggered a concentrated sell-off in AI-related stocks, wiping $3.2tn off Wall Street's market value in one day; another financial news source cited a loss figure of $2.5tn. The two figures come from different sources and use different methodologies, and the reason for the discrepancy remains unclear.
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