Business · Markets · 2 hrs ago
AI stock sell-off sends Wall Street lower as S&P 500 falls 4.4%
AI stocks faced a sharp sell-off on Wall Street.
The sell-off was described as brutal, but no specific companies or cause were given.
The S&P 500 fell 4.4%, marking a steep decline for the broad US stock index.
Wall Street is the US financial market, and the S&P 500 tracks shares of many large companies.
The drop shows how widely the selling affected the market, not just AI shares.
No further developments or next steps were specified.
The S&P 500 fell 4.4 per cent on Thursday, its worst session since April 2025.
The Dow Jones Industrial Average dropped 1,833 points, or 3.4 per cent, while the Nasdaq Composite fell 5.5 per cent.
Stocks tied to building AI data centres led the sell-off.
Worries about borrowing costs, high AI stock valuations and possible pauses in data-centre construction weighed on markets.
Democratic victories in U.S. midterm elections raised concerns that governments could pause construction of more data centres.
- Who
- U.S. and global investors, with AI-related companies among the hardest hit.
- What
- Wall Street fell sharply, with the S&P 500 down 4.4 per cent.
- When
- Thursday, November 5, 2026.
- Where
- Wall Street and stock markets around the world.
- Why
- Investors were concerned about the cost of borrowing, high AI stock valuations and the possibility of pauses in data-centre construction.
This story does not have two clearly opposing sides.
U.S. midterm elections brought nationwide victories for Democrats, raising concerns about possible pauses in data-centre construction.
The U.S. stock market recorded its best gain in three months.
A sell-off led by AI-related stocks sent the S&P 500 down 4.4 per cent.
- S&P 500
- Fell 4.4 per cent
- Dow Jones Industrial Average
- Lost 1,833 points, or 3.4 per cent
- Nasdaq Composite
- Fell 5.5 per cent
- Nvidia
- Fell 9.3 per cent
- Canada’s main stock index
- Lost 736.13 points, ending at 35,605.27