Stocks tumble, erasing post-midterm gains as markets weigh future of AI build-out
Major U.S. stock indexes tumbled Thursday, largely erasing post-election gains made the day before, as markets continued to absorb the broad impact of Democrats’ nationwide midterm success.
TL;DR
- Major U.S. stock indexes fell sharply on Thursday.
- The losses erased gains made immediately following the midterm elections.
- Markets are reacting to the broad impact of the Democrats' success in the midterms.
- The S&P 500 lost approximately 4 percent.
- The Nasdaq composite declined by about 5.5 percent.