Dow Jones Futures: AI Trade Dives As Apple Tumbles On Earnings; Midterm Elections Next
US stocks plummeted Thursday as investors dumped AI and chip stocks, wiping out gains from the previous day's post-election rally. The Nasdaq Composite dropped 5.2%, entering a correction, while the S&P 500 fell 4% and the Dow Jones Industrial Average tumbled 3%, losing over 1,600 points. This downturn follows a $5 trillion wipeout in AI stocks and a decline in Apple shares following earnings reports. Market volatility is heightening as investors seek downside protection against the financial instability of the AI industry.
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- β The Nasdaq Composite dropped 5.2% on Thursday, November 5, 2026.
- β The Dow Jones Industrial Average fell 3%, a loss of more than 1,600 points.
- β The S&P 500 declined 4% on Thursday.
- β AI stocks recently experienced a $5 trillion loss.
What changed
The Nasdaq has officially entered a correction following a 5.2% plunge on November 5.
Live updates
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AI Selloff Erases Post-Election Gains as Nasdaq Enters Correction
US stocks plummeted Thursday as investors dumped AI and chip stocks, wiping out gains from the previous day's post-election rally. The Nasdaq Composite dropped 5.2%, entering a correction, while the S&P 500 fell 4% and the Dow Jones Industrial Average tumbled 3%, losing over 1,600 points. This downturn follows a $5 trillion wipeout in AI stocks and a decline in Apple shares following earnings reports. Market volatility is heightening as investors seek downside protection against the financial instability of the AI industry.
Why it matters
The tech sector is facing a period of intense volatility as the market weighs the financial viability of massive AI investments. A broader October decline in AI-related shares has tested the resilience of the US stock market. This instability comes amid the backdrop of the recent midterm elections.
What is confirmed
- The Nasdaq Composite dropped 5.2% on Thursday, November 5, 2026.
- The Dow Jones Industrial Average fell 3%, a loss of more than 1,600 points.
- The S&P 500 declined 4% on Thursday.
- AI stocks recently experienced a $5 trillion loss.
Still unconfirmed
- Investors are racing to get insurance on AI market bets.
confidence 90%Sources used for this update (17)
- markets.businessinsider.com β Dow Jones INDEX TODAY | DJIA LIVE TICKER - Markets Insider
- www.dow.com β Materials Science & Chemical Manufacturing | Dow Inc.
- finance.yahoo.com β Dow Jones Industrial Average (^DJI) - Yahoo Finance
- wallstreetnumbers.com β Dow Jones Industrial Average Index Price History & Chart
- www.dowjones.com β Dow Jones β Trusted News & Data
- Yahoo Finance β AI stocks just lost $5 trillion β but history says the stock market's sweetest stretch starts now
- WSJ β The Tangled Web of AI Bets Is Reason to Fear Tech Stocks
- WSJ β AI Investors Are Racing to Get Insurance on the Biggest Market Bet in History
- Yahoo Finance β Stock futures open a monster week after a $5 trillion AI wipeout
- Bloomberg β Each Selloff Brings AIβs Day of Reckoning Closer
- Reuters β October dive for AI-related shares tests broader US stock market's resilience
- Futurism β Investors Are Getting Palpably Nervous About the AI Industryβs Financial Situation
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