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Affected by the sharp selling pressure of AI and chip stocks, US stocks fell sharply on the 5th. The three major indexes had their worst one-day performance since April 2025, and the Nasdaq even fell into correction territory.
Hit by a selloff in artificial intelligence (AI) and chip stocks,US stocks It collapsed completely on the 5th and swallowed the previous day’s post-election celebrations in one breath. All three major indices posted their worst one-day declines since April 2025.
The Dow Jones Industrial Average fell 1,833.06 points, or 3.44%, to 51,523.06; The S&P 500 index fell 334.89 points, or 4.36%, to close at 7, it closed at 353.73 points; The Nasdaq Composite Index, which is dominated by technology stocks, fell 1,421.52 points, or 5.52%, to close at 24,315.00, officially entering correction territory.
The Philadelphia Semiconductor Index fell 12%, and chip stocks such as Nvidia and Micron suffered heavy losses.wall Street Big tech stocks had their worst day since COVID-19 amid a massive selloff of this year’s AI winners.
Investors continue to digest the results of the Democratic Party’s victory in the general election on the 3rd and its potential impact on the markets and the economy. Despite some relief as election uncertainty wanes, stocks continue to assess potential winners and losers from political party changes in Congress.
In terms of oil prices, international oil prices rose as there is still doubt over whether President Trump will reach an agreement with Iran to end the war in the Middle East. Vice President J.D. Vance posted Brent crude oil futures prices reaching nearly $98 a barrel; US West Texas Intermediate (WTI) crude oil futures fell below $90 per barrel.
In terms of the job market, a report from human resources agency Challenger, Gray & Christmas showed that as companies turned their focus to retaining existing employees, layoff plans in October fell to the lowest level since 2023, paving the way for a key employment report to be released on Friday.
In terms of corporate financial reports, companies such as Duke Energy, Airbnb, and Lumentum have successively announced their latest results.
Summary FAQ
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Mainly driven by heavy selling of artificial intelligence and chip stocks, which offset the overall weakness of technology-weighted stocks, the market was also digesting capital reallocation and policy uncertainty after the election, causing the three major indexes to fall together.
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The Dow Jones Industrial Average fell 1,833.06 points or 3.44%, the S&P 500 index fell 334.89 points or 4.36%, and the Nasdaq Composite Index fell 1,421.52 points or 5.52%, the Nasdaq officially entered the correction zone.
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The article also noted that oil prices have risen due to concerns about the situation in the Middle East, and reported that layoff plans in October fell to the lowest level since 2023, indicating that the job market is still relatively stable, and also paving the way for subsequent employment reports.
