The stock market fell sharply on Thursday, unwinding the previous day's rally. Investors weighed what a Democratic midterm election sweep means for data centers and AI. The Nasdaq Composite dropped about 5.5% and closed in correction territory, and the Dow fell 1,833 points.
The stock market plummeted on Thursday, unwinding the previous day's rally. Investors were weighing the impact of a Democratic midterm election sweep on the outlook for data centers and AI.
Major indexes drop
The Nasdaq Composite dropped 5.5% on Thursday, closing in correction territory. The Dow Jones Industrial Average fell over 3%, and the S&P 500 ended down over 4%. The Dow plunged 1,833 points, or 3.44%, while the Nasdaq sank 5.52%.
