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● LIVE Updated 2h ago · 11 sources tracked

Stock Market Today: S&P 500, Nasdaq close lower as tech selloff deepens, but Dow rises and oil prices drop

US stocks suffered their worst session since April 2025 on Thursday, driven by a heavy selloff in AI and semiconductor stocks. The Nasdaq plunged 5%, entering a correction, while the S&P 500 and Dow Jones erased gains from their post-election rally. Despite the broader crash, some reports indicate the Dow rose in earlier sessions as oil prices retreated. Investors dumped chip stocks ahead of a week featuring midterm elections, a key jobs report, and corporate earnings.

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  • ✓ The Nasdaq dropped 5% as AI stocks were sold off.
  • ✓ US stocks experienced their worst session since April 2025 on Thursday.
  • ✓ The Dow and S&P 500 erased gains from a post-election rally.
🛡️ Source Corroboration: 11 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

The Nasdaq entered a correction following a 5% plunge amid a chip stock wipeout.

Live updates

  1. Nasdaq Plunges 5% as AI Selloff Intensifies

    US stocks suffered their worst session since April 2025 on Thursday, driven by a heavy selloff in AI and semiconductor stocks. The Nasdaq plunged 5%, entering a correction, while the S&P 500 and Dow Jones erased gains from their post-election rally. Despite the broader crash, some reports indicate the Dow rose in earlier sessions as oil prices retreated. Investors dumped chip stocks ahead of a week featuring midterm elections, a key jobs report, and corporate earnings.

    Why it matters

    The volatility follows a period of optimism linked to the US elections. A sudden shift in investor sentiment toward AI and data center stocks has triggered a sharp market correction.

    What is confirmed

    • The Nasdaq dropped 5% as AI stocks were sold off.
    • US stocks experienced their worst session since April 2025 on Thursday.
    • The Dow and S&P 500 erased gains from a post-election rally.
    • Oil prices fell about 6%.

    Still unconfirmed

    • The Dow Jones fell 1,600 points.

    What to watch next

    • Upcoming US jobs report
    • Midterm election results
    • Corporate earnings reports
    Sources used for this update (13)
    1. www.investors.com — Stock Market Today: Stock Market News And Analysis
    2. www.investors.com — Stock Market Data: See Prices For S&P 500, Nasdaq, Dow Jones, SPDR ETFs
    3. bullstory.io — US Stock Market Today: S&P 500, Nasdaq and Dow | Bullstory
    4. www.marketscreener.com — S&P 500 Stock Market News (USA) - MarketScreener
    5. CNBC — Stock futures tick higher ahead of busy week of earnings, jobs data and the midterm elections: Live updates
    6. AP News — Asian shares are mixed and US futures advance, while oil prices retreat
    7. Reuters — SNAPSHOT US stock index futures jump as oil falls about 6%
    8. Bloomberg.com — Nasdaq Slide Clouds Asian Open, Oil Falls on Iran: Markets Wrap
    9. finance.yahoo.com — Stock market today: S&P 500 and Nasdaq extend tech sell-off ...
    10. MarketWatch — Stock Market Today: S&P 500, Nasdaq close lower as tech selloff deepens, but Dow rises and oil prices drop
    11. economictimes.indiatimes.com — Stock Market Live Updates: Nasdaq drops 5%, Dow Jones 1,600 pts as AI selloff intensifies
    12. finance.yahoo.com — Stock market today: Nasdaq plunges 5% amid chip stock wipeout, Dow and S&P 500 erase post-election rally gains
    confidence 90%
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