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● LIVE Updated 33m ago · 11 sources tracked

Nasdaq plummets 4% into correction territory, Dow drops more than 1,000 points as traders dump tech stocks: Live updates

The Nasdaq Composite has fallen 4% into correction territory, with the Dow dropping over 1,000 points, as traders dump tech stocks. This significant decline comes after a rally following the US midterm elections. The sell-off in tech stocks has led to a substantial loss in market value.

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  • ✓ The Nasdaq Composite has fallen 4% into correction territory.
  • ✓ The Dow Jones Industrial Average dropped over 1,000 points.
  • ✓ The sell-off in tech stocks has led to a substantial loss in market value.
🛡️ Source Corroboration: 11 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

The Nasdaq Composite has entered correction territory, with a 4% decline, as traders sell off tech stocks.

Live updates

  1. Nasdaq plummets 4% into correction territory

    The Nasdaq Composite has fallen 4% into correction territory, with the Dow dropping over 1,000 points, as traders dump tech stocks. This significant decline comes after a rally following the US midterm elections. The sell-off in tech stocks has led to a substantial loss in market value.

    Why it matters

    The Nasdaq Composite is a stock market index that is heavily weighted towards technology companies. A correction territory is typically defined as a 10% decline from a recent peak, but a 4% drop is a significant move. The Dow Jones Industrial Average also experienced a substantial decline, indicating a broad market sell-off.

    What is confirmed

    • The Nasdaq Composite has fallen 4% into correction territory.
    • The Dow Jones Industrial Average dropped over 1,000 points.
    • The sell-off in tech stocks has led to a substantial loss in market value.

    What to watch next

    • The release of key economic indicators
    • The performance of tech stocks in the next trading session
    • The impact of the midterm elections on market sentiment
    Sources used for this update (12)
    1. finance.yahoo.com — NASDAQ Composite (^IXIC) Charts, Data & News - Yahoo Finance
    2. markets.businessinsider.com — NASDAQ 100 INDEX TODAY | NDX LIVE TICKER | NASDAQ 100 QUOTE &...
    3. en.wikipedia.org — Nasdaq - Wikipedia
    4. stockmarketwatch.com — NASDAQ Today | Stock Market Watch
    5. Investing.com — U.S. stock index futures steady after midterms rally
    6. CNBC — Stock futures are little changed after big rally following Democrats' decisive midterm wins
    7. Bloomberg.com — Asian Stocks to Rise as Oil Slides After US Vote: Markets Wrap
    8. AP News — Asian shares mostly advance following US midterms, though Kospi falls on selling of chipmakers
    9. CNN — Nasdaq plunges into correction territory as midterm results raise fresh questions about AI boom | CNN Business
    10. WSJ — Mag 7 Stocks Lose $1 Trillion in Tech Bloodbath
    11. finance.yahoo.com — NASDAQ Composite (^IXIC) Interactive Stock Chart - Yahoo Finance
    12. www.nasdaqtrader.com — NASDAQtrader.com Home Page
    confidence 90%
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