Wall Street Close: Nasdaq Sinks 5.52% and S&P 500 Falls 4.36% as AI Stocks Slide
Wall Street close: Nasdaq sank 5.52%, S&P 500 fell 4.36% and the Dow lost 3.44% as AI stocks slid, while Brent climbed 4.1%.
Wall Street ended Thursday with one of its sharpest sell-offs of the year. The Nasdaq Composite fell 5.52% to 24,315.0, the S&P 500 lost 4.36% to 7,353.73 and the Dow Jones Industrial Average dropped 3.44% to 51,523.06. The Nasdaq's slide was described as its biggest one-day drop in 19 months as AI-linked shares sold off.
Smaller companies were hit as well, with the Russell 2000 also sliding sharply, while Canada's S&P/TSX Composite shed 2.03% and Brazil's Bovespa slipped 0.58%.
Chip and software names lead the decline
The heaviest losses on the Nasdaq came from semiconductor and software names. Datadog sank 14.42% to $188.72, Marvell Technology tumbled 10.62% to $142.83 and Lam Research fell 10.44% to $198.31. On the NYSE, CVS Health dropped 12.53% to $79.96, Eaton lost 9.86% and GE Vernova slid 9.3%.
A handful of stocks ran against the tide. CDW Corporation jumped 12.67% to $168.75, AppLovin gained 10.69% and Booking Holdings rose 9.83%. On the NYSE, 3M climbed 9.55%, Lowe's added 7.5% and Home Depot advanced 6.53%.
The reversal was stark after the previous session, when the Dow surged 3.03% to 53,356.12. The S&P 500 is now 5.95% lower over one month, although it remains up 7.42% for the year. The Nasdaq is down 11.9% over the past month and up 4.62% year to date, and it sits well below its 52-week high of 27,599.79. The S&P 500's own 52-week high is 7,818.93.
Oil climbs, gold and copper slip
Energy prices moved the other way. Brent crude rose 4.1%, and US benchmark WTI also finished higher. Oil was already rising after the U.S. election as Iran war risks persisted. Among London-listed energy shares, BP fell 3%.
Gold edged down 0.64% to $4,088.06 an ounce, and silver and natural gas slipped as well. Copper was among the weaker industrial metals, falling for the session. Track the latest levels on the Brent and gold pages.
Yields fall, dollar steady
The US 10-year Treasury yield eased to 4.837% from 4.894%, a decline of 1.17%. The Dollar Index was little changed, up 0.03%. The euro and sterling both softened, the Australian dollar was the weakest of the major currencies, and the yen firmed against the dollar. The rupiah was steady, with USD/IDR up 0.03%.
Crypto falls with equities
Digital assets also retreated. Bitcoin and Ethereum both fell sharply and Solana lost 6.17%, extending a day of heavy losses across risk assets.
Europe and Asia before the turn
European markets closed before the heaviest US selling. The FTSE 100 ended 0.43% lower at 10,782.66, the DAX also declined 0.43% and the Euro STOXX 50 lost 0.55%, while the CAC 40 rose 0.34%.
Asian markets finished mostly higher earlier on Thursday. Jakarta's IHSG gained 2.57% to 5,030.26, led by Merdeka Copper Gold, up 15.76%, and Archi Indonesia, up 12.07%. The Hang Seng rose 3.67%, the Sensex added 3.11% and the ASX 200 gained 2.61%. Japan's Nikkei 225 bucked the trend with a 1.79% fall to 61,077.9.
What to watch next
Attention turns to how Asia reacts when it opens on Friday, with Jakarta back in session at 09:00 WIB. On the corporate calendar, Charter Communications reports before the bell on Friday, November 6. Constellation Energy, The Trade Desk and Take-Two Interactive are due on Monday, November 9, and Applied Materials is scheduled for November 12. Traders will also follow whether oil keeps climbing and whether the 10-year yield stays below 4.9%.
For live levels, see the Nasdaq, S&P 500 and Dow Jones pages.
Markets at a glance
| Market | Last | Change | % Change |
|---|---|---|---|
| S&P 500 | 7,353.73 | −334.89 | −4.36% |
| Nasdaq | 24,315.00 | −1,421.52 | −5.52% |
| Dow Jones | 51,523.06 | −1,833.06 | −3.44% |
| US 10Y Yield | 4.837 | −0.057 | −1.17% |
| Gold (spot) | 4,088.06 | −26.34 | −0.64% |
| WTI | 90.54 | +2.42 | +2.75% |
| Bitcoin | 75,875 | −4,553 | −5.66% |
Data as of 6 Nov 2026, 04:16 WIB (21:16 GMT). Source: JournalArta Markets (Yahoo Finance, Twelve Data); some exchange data may be delayed up to 15 minutes. Follow live prices on JournalArta Markets. This article is for information only and is not investment advice.
