Brief by Shorts91 Newsdesk / 07:02pm on 05 Nov 2026,Thursday International
Global stock markets tumbled on Thursday as investors dumped technology shares amid concerns over artificial intelligence spending and its future prospects. The Dow Jones Industrial Average fell 2.2%, while the S&P 500 dropped 3.4% and the Nasdaq Composite declined 5.2%. Weak earnings reported by semiconductor giant Qualcomm and concerns that a Democrat-controlled US Congress could slow investments in AI infrastructure further unsettled traders. Technology stocks led losses across S&P 500 sectors, while the Philadelphia Semiconductor Index plunged 11%. The Nasdaq was also on track to confirm a correction from its record closing high. The sell-off highlighted growing investor uncertainty surrounding AI-driven market growth. (PC: Reuters)
