https://www.live-feeds.com/feed/stocks-erase-post-midterm-elections-rally-dragged-down-by-techContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/stocks-erase-post-midterm-elections-rally-dragged-down-by-techhttps://www.live-feeds.com/feed/stocks-erase-post-midterm-elections-rally-dragged-down-by-tech#u185655Sun, 08 Nov 2026 10:35:38 +0000Wall Street suffered a severe selloff following the midterm elections, erasing previous post-election gains as artificial intelligence and chip stocks collapsed. The Nasdaq plunged 5 percent and entered correction territory, while the S&P 500 fell over 3 percent in its worst post-midterm day since 1896. The Magnificent 7 group of tech giants lost $1 trillion in value, and more than $2 trillion was wiped from the S&P 500 overall. Investors panicked over the political shift, fearing that Democratic gains could hamper the rapid infrastructure expansion required for artificial intelligence