Global stock markets plunge as tech sector suffers worst drop since 2000

Global stock markets are experiencing a sharp sell-off, with the technology sector hit hardest. The Nasdaq fell over six percent, its steepest drop since 2000. The decline follows initial optimism after the US midterm elections. All 30 Dow Jones stocks closed lower, with the index down 3.4 percent. The S&P 500 fell 4.4 percent, while the Nasdaq-100 lost 6.4 percent, raising fears of a repeat of the dot-com bubble burst. Investors worry that Democratic gubernatorial wins could delay data center construction due to stricter regulations. European markets fell less sharply, while Asian markets saw significant losses. President Trump blamed Democrats for the decline, citing concerns over retirement plans.