Market Report - US Close

US close: Nasdaq sinks to seven-month low amid tech sell-off

By Benjamin Chiou

Date: Thursday 05 Nov 2026

(Sharecast News) - US equity markets suffered steep losses on Thursday as traders reassessed Democrats' sweeping victory in the mid-term elections, prompting a significant sell-off in AI, chip, and crypto stocks and sending the broader market into free fall.
Heightened concerns that the shift in political power in Washington - with...

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