Macro Finance
Nasdaq 100 Plunges 6% as Traders Dump Chip Stocks After Midterms
Bloomberg Markets·November 5, 2026·1 min read
The Nasdaq 100 plunged 6% on Thursday as traders dumped chip stocks, assessing the implications of a Democratic sweep in the U.S. midterm elections on cloud data centers. Technology stocks plummeted amid concerns that new policies could impact the sector's growth prospects.
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