Stock market plunges $2.5 trillion on tech regulation fears

marca.com —

The stock market crashed on Thursday, November 5, erasing around $2.5 trillion in market cap as the Nasdaq, S&P 500, and Dow Jones all plummeted, driven by trader fears over potential Democratic regulation of tech companies. The sell-off followed a Wednesday rally sparked by the midterm elections, but optimism reversed as traders worried a Democrat-controlled House and Senate could increase restrictions on data centers, hitting tech stocks that had surged on AI-driven growth. The crash marks a sharp volatility swing, with the initial relief over political stability giving way to concerns about regulatory impacts on the tech sector's recent meteoric rise.


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