Nasdaq 100 falls 6%, shedding record $2.3T in value

Published Thursday, November 5, 2026 · 6:07 PM EST

The Nasdaq 100 fell 6%, losing a record $2.3T in value, while the Philadelphia chip index plunged 12%, Bloomberg reported. Technology stocks suffered their biggest decline since 2020 as investors exited the sector over concerns about the AI trade after Democrats won Congress.

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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.

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