StocksMedium•5 November 2026•
1 min read
Nasdaq Drops Over 2% as Semiconductor Stocks Slump
Key Facts
1The Nasdaq index fell by more than 2% during today's trading, pressured by a slump in semiconductor stocks.
The Nasdaq Composite index fell by more than 2% during today's trading, pressured by a slump in semiconductor stocks. Investing.com reported that the decline was driven by a sharp sell-off in the chip-making sector, extending recent volatility across technology shares.
This market movement coincides with economic data released on November 5, 2026, showing initial jobless claims fell to 189,000, coming in below the forecasted 196,000. Additionally, nonfarm productivity grew by 3.6% for the quarter as of November 5, 2026, while earlier data from November 2 showed the ISM Manufacturing PMI at 55.5, indicating continued activity in the industrial sector.