Tech sell-off wipes $2.5 trillion from US stocks, Nasdaq enters correction
On November 5, a massive sell-off in technology stocks erased about $2.5 trillion from US markets, pushing the Nasdaq into correction territory.
By GennnAi··1 min read
On Thursday, the Nasdaq Composite fell about 5.5% and the Nasdaq 100 about 6.4%, its worst day since March 2020. The S&P 500 and the Dow Jones Industrial Average had their worst days since April 2025. Investors feared that Democratic gains in the midterm elections could slow AI data center spending. A CNN explainer said forced selling by heavily leveraged investors worsened the drop.
Source: CNN, published on November 5, 2026.