Wall Street’s retreat erased roughly £2.23 trillion in market value as investors questioned AI spending returns
By Athena Freya
US stock markets suffered their worst session in more than a year on Thursday, 5 November, as AI and semiconductor shares led a sell-off that sent the Dow Jones Industrial Average down 1,833 points and pushed the Nasdaq Composite into correction territory. The losses erased Wednesday’s rally amid concerns over AI investment returns and data-centre spending as investors reassessed market risks. The retreat showed how quickly confidence can shift when expensive technology shares face questions about financing, future demand and the time needed to turn infrastructure commitments into eventual sustainable profits.
Wall Street Loses Trillions as Nasdaq Enters Correction
The Dow closed 3.44% lower at 51,523.06, while the S&P 500 fell 4.36% to 7,353.73. The Nasdaq dropped 5.52% to 24,315, leaving it about 12% below its October record. The Russell 2000 fell 4.45%. A correction means a fall of at least 10% from a recent peak.