The Dow Jones Industrial Average plummeted 1,500 points today, wiping out all gains made since the recent election. The Nasdaq Composite also saw a sharp decline, falling 5% and heading for its worst single day in 18 months.
Widespread losses hit Wall Street, with stocks plunging as midterm election results reportedly sent the artificial intelligence (AI) trade into a tailspin. Investors notably divested from chip and data-center stocks, contributing to a broader tech sector plunge.
Market analysts are questioning the severity of the current downturn, with some speculating if this marks a significant shift for the stock market. This is a developing story and will be updated as details emerge.
