Market Report - US

US open: Stocks tank, Nasdaq drops 4pc as post-election rally fades

By Benjamin Chiou

Date: Thursday 05 Nov 2026

(Sharecast News) - US stock markets opened sharply lower on Thursday as the post-midterm election rally quickly faded, with tech stocks under intense selling pressure.
Heightened concerns that the Democrats' sweeping victory in Washington could lead to greater scrutiny of AI infrastructure spending and data centre development weighed heavily on companies...

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