The Guardian reported that the Nasdaq endured its steepest decline in a year and a half on Thursday, as investors reacted to expectations of tighter controls on artificial intelligence following the midterm election outcome. The tech-focused index fell by 5.5 percent during the session, pushing it more than 10 percent below its recent peak and into correction territory. By the close of trading, the market value of companies listed on the index had declined by over $2 trillion. According to The Guardian, the move represented the largest single-day drop since April 2025, when President Donald Trump unveiled his liberation day tariffs affecting US trading partners. Concerns that the election result could lead to restrictions on AI datacenters spread through markets, contributing to broad losses across Wall Street as investors positioned for a slowdown in the sector.
Source: The Guardian.
