# Nasdaq heading for worst day in 18 months as Wall Street sustains widespread losses

- URL: https://talkfuse.com/story/nasdaq-heading-for-worst-day-in-18-months-as-wall-street-sustains-widespread-losses/
- Published: 2026-11-05T17:31:04+00:00
- Updated: 2026-11-05T18:04:31+00:00
- Original publisher: The Guardian (publisher lean: Left)
- Original article: https://www.theguardian.com/business/2026/nov/05/nasdaq-heading-for-worst-day-in-18-months-as-wall-street-sustains-widespread-losses
- Topics: AI, Americas, Business, Elections, Markets, Politics, Technology, World

## Key points

- Nasdaq fell as much as 5%, its sharpest drop in 18 months.
- AI and chip shares led losses across markets.
- Investors weighed whether election results could slow datacentre expansion.

## Summary

The Nasdaq fell by up to 5% on Thursday, putting it on course for its steepest one-day loss in 18 months and pushing it more than 10% below its recent record high. Investors are concerned that Democrats’ gains in midterm elections and local votes against datacentres could lead to tougher scrutiny of AI development and slower expansion.

Technology shares led widespread losses, amid worries over the scale of AI spending and datacentre plans. SanDisk dropped 19%, Western Digital fell 16.5% and Nvidia lost 6.7%; the VIX volatility index rose 40%. The Dow fell more than 1,000 points, while Britain’s FTSE 100 closed down 0.4%, reversing a strong Wall Street rally the previous day.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.