From The Hindu BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)Worst US stock rout since 2020 leaves virtually nowhere to hide as Nasdaq plunges 6.4%, Dow sheds 1,833 points
What's behind this
US equity markets fell about five percent after the midterm elections, with the Nasdaq, Dow and S&P 500 all dropping as chipmakers and AI data‑centre firms led the losses. Technology shares were hit hard: Nvidia slid more than six percent, AMD fell 12 percent and Micron lost 11 percent. The broader sell‑off was described as a tumble in major technology stocks, and analysts linked the reaction to a Democrat win that spooked global markets and prompted traders to dump tech stocks.
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Investors rushed to safer assets as mounting concerns over artificial intelligence valuations and potential policy changes triggered widespread selling across equities
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Investors rushed to safer assets as mounting concerns over artificial intelligence valuations and potential policy changes triggered widespread selling across equities
