# Stocks Tank Amid Tech Sell-Off, Reversing Post-Election Rally

- URL: https://talkfuse.com/story/stocks-tank-amid-tech-sell-off-reversing-post-election-rally/
- Published: 2026-11-06T00:20:54+00:00
- Updated: 2026-11-06T00:34:21+00:00
- Original publisher: Deadline
- Original article: https://deadline.com/2026/11/stocks-tank-erasing-post-election-rally-1237214822/
- Topics: AI, Business, Elections, Markets, Politics, Technology

## Key points

- Oil prices rose as hopes for an Iran deal faded.
- A technology sell-off erased Wednesday’s market gains.
- The Nasdaq fell 5.2% and the Dow dropped 1,800 points.

## Summary

The new coverage adds that oil prices rose on Thursday as hopes for a deal to end the Iran war receded, while regulatory and business concerns returned after the post-election rally. The renewed uncertainty accompanied a steep technology-led sell-off that erased Wednesday’s gains and pushed markets lower.

The Dow fell 1,800 points, or about 3.4%, the S&P 500 dropped 4% and the Nasdaq fell 5.2%. Snap lost 13%, while AMC Entertainment and Imax fell 12% and 6% despite strong quarterly results; investors have also been wary of heavy AI spending without a clear path to profits.

## Coverage

- [Deadline: Stocks Tank Amid Tech Sell-Off, Reversing Post-Election Rally](https://deadline.com/2026/11/stocks-tank-erasing-post-election-rally-1237214822/)
- [The Hill: Markets tank after post-Election Day surge](https://thehill.com/business/6202769-nasdaq-dow-jones-sp-slide/)

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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.