StocksMedium•5 November 2026•
1 min read
Nasdaq-100 Plunges 4% Amid AI Sector Concerns and Midterm Election Volatility
Key Facts
1The Nasdaq-100 index plunged 4%, marking its largest single-day decline in several months.
2The mass sell-off is linked to fears of a slowdown in the AI trade and the impact of the US midterm elections.
The Nasdaq-100 index plunged 4%, marking its largest single-day decline in several months. The mass sell-off is linked to fears of a slowdown in the AI trade and the impact of the US midterm elections, according to media reports.
This decline follows a period of heightened political uncertainty surrounding the US midterm elections held on November 3, 2026. The technology sector faced broad selling pressure as investors reassessed growth prospects amid sector volatility.
Market attention now turns to key economic data scheduled for November 6, 2026, including the US Unemployment Rate and Nonfarm Payrolls report, which may influence the index's trajectory following the recent sell-off.