Nasdaq Composite Drops Over 4% Amid Tech Sell-off and Post-Midterm Uncertainty
The Nasdaq Composite experienced a significant decline of more than 4% on Thursday, entering correction territory. The downturn was primarily driven by a persistent sell-off in technology stocks as investors reacted to the political landscape following the 2026 midterm elections. Beyond political uncertainty, market participants expressed growing concerns regarding high levels of capital expenditure related to artificial intelligence. This combination of macroeconomic and sector-specific fears has triggered a broader retreat in tech-heavy indices.
Tickers: $NDAQ
Topics: AI Expenditures Midterm Elections Nasdaq Composite Technology Stocks
Read the full article at Seeking Alpha
Part of the story Nasdaq Composite Enters Third Correction of the Year Amid AI and Earnings Concerns (5 articles)