Chip stocks get slaughtered as Wall Street in worst post-midterm day since 1896
Wall Street experienced its worst post-midterm election performance since 1896, with chip stocks and major indices suffering significant losses. Investors reacted negatively to the potential impact of a new Congress on AI infrastructure and data center development.
Why it matters
The market volatility highlights investor anxiety regarding the intersection of political shifts and the capital-intensive AI industry.
Chip stocks slaughtered as Wall Street suffers worst post-midterm day since 1896 Jared Blikre Fri, November 6, 2026 at 5:32 AM GMT+8 3 min read ^DJI -3.44% ^IXIC -5.52% CL=F +3.38% ^GSPC -4.36% Wall Street's midterm celebration lasted one day. Chip stocks got taken to the woodshed Thursday, and the Dow Jones Industrial Average ( ^DJI ) fell 3.4%, its worst second session after a midterm election in data going back to its start in 1896.
It took the Nasdaq Composite ( ^IXIC ) six minutes to erase its entire post-election rally. Then the selling got worse.
The tech-heavy index closed down 5.5%, and the S&P 500 ( ^GSPC ) lost 4.4%. It was the worst day for both since the April 2025 tariff crash.
Headlinne story · 3 newsrooms
Wall Street Suffers Historic Selloff as Artificial Intelligence Stocks Plunge
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