Nasdaq heading for worst day in 18 months as Wall Street sustains widespread losses

The short version

The Nasdaq hits its worst day in 18 months, dropping 5% amid fears of stricter AI regulations post-midterms.

Key takeaways

• Nasdaq dropped into correction territory, down 5%.
• SanDisk and Western Digital saw drops of 19% and 16.5%, respectively.
• VIX index rose 40%, indicating increased market volatility.
• Analysts expect slower datacentre buildout under Democratic control.

Overall sentiment

The article describes significant market losses and heightened investor fears.

AI classification of the article’s tone. Coverage indicates substantial market changes but does not give personal views or detailed predictions.

Sources cited by the article

• this week’s midterm elections ↗
• expectations that Democratic governors will clamp down on the rollout of new datacentres ↗
• Nasdaq ↗
• US midterm elections 2026 ↗
• Dow Jones ↗
• AI (artificial intelligence) ↗
• Reuse this content ↗
• Tech sell-off drives US markets down by nearly $1tn after subpar earnings reportsRead more ↗
• Stock markets ↗
• US markets ↗
• US tech stocks recover after selloff spooks investors over AI spendingRead more ↗
• Datacenters – US ↗
• news ↗

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