Traders work on the floor of the New York Stock Exchange (NYSE) as the opening bell rings on November 4, 2026 in New York City.
Timothy A. Clary | AFP | Getty Images
Shares fell sharply on Thursday as investor concerns about slowing development in artificial intelligence rocked the entire market, not just the trading itself.
High-tech oriented Nasdaq Composite It fell more than 5% and ended in correction territory, along with the small-cap Russell 2000 index. Excellent company Dow Jones Industrial Average The entire market has fallen by more than 1,800 points or by more than 3%. S&P500 It returned more than 4%.
These moves led to the big gains seen in Wednesday’s post-election rally, and some subsequent gains as well.
Here are the most surprising statistics from the day’s results:
The Nasdaq Composite Index posted its worst single-day performance since April 4, 2025, when it fell 5.82%. The S&P 500 posted its worst single-day performance since April 4, 2025, when it fell 5.97%. The Dow Jones Industrial Average had its worst day since April 4, 2025, when it fell more than 2,200 points, or 5.5%. The Magnificent Seven have lost more than $1 trillion in market capitalization, with Nvidia leading the way with losses of more than $440 billion. Nvidia has fallen more than 9%, bringing its year-to-date decline to 2.6% and turning negative year-to-date. CBOE Volatility Index (VIX) – Highest since March 31 – Up 11.57 points, the largest point increase since April 4, 2025, when the VIX index rose 15.29 points On the New York Stock Exchange, decliners outnumbered advancers 2,344 to 416, or nearly 6 to 1 On the Nasdaq Composite, decliners outnumbered advancers 4,166 to 855, or nearly 5 to 11 S&P All 11 sectors of the 500 index were negative, led by information technology, down 7.30%, marking the worst daily performance since March 16, 2020, when the index fell 13.92%. The industrial sector fell 4.12%, marking its worst daily performance since April 4, 2025, when it fell 6.29%. Technology Select Sector SPDR Fund (XLK) It fell 8.04%, its worst daily performance since March 16, 2020, when XLK fell 13.81%. XLK’s trading volume was over 33 million shares, more than triple its 30-day average trading volume of 9.2 million shares. 174 stocks (34.6%) in the S&P 500 are trading more than 20% below their 52-week high. sandisk, intel, marvel technology, seagate technology, coinbase, lumen, oracle, ON Semiconductor, micron technology, caterpillar, robin hood, alphabet, Nvidia, lululemon310 (61.6%) of the S&P 500 stocks are more than 10% below their 52-week high. Fifty-nine (58.4%) of the Nasdaq 100 stocks are more than 20% below their 52-week high. rocket lab, coreweave, arm holdings and space xNotably, 72 (71.3%) of the Nasdaq 100 stocks are down 10% or more from their 52-week highs.
