Published November 5, 2026 | USA Trading. Nasdaq, S&P 500 and Dow fell sharply in Thursday morning trading as technology shares reversed Wednesday’s post-election rally.

Market-data note: Intraday figures are timestamped observations, not official closing prices. This article is for general information, not personalised financial advice.

Wall Street reverses course

US stocks fell sharply on Thursday, November 5, after a broad post-election rally the previous session. In a Reuters snapshot at 9:57 a.m. Eastern Time, the Nasdaq Composite was down 3.09% at 24,941.44, the S&P 500 was down 1.66% at 7,560.88, and the Dow Jones Industrial Average was down 0.66% at 53,004.25. These figures are intraday readings, not closing prices.

Why technology led the decline

Chipmakers and companies linked to AI data centres faced renewed selling. Reuters reported the Philadelphia semiconductor index down about 7.1% at the same stage of the session. Investors were reassessing how future scrutiny of data-centre construction and expensive infrastructure projects might affect earnings expectations. Policy concerns are not the same as enacted restrictions.

Market breadth and sector rotation

Declining issues outnumbered advancers on both the NYSE and Nasdaq, according to Reuters. Technology and consumer discretionary shares lagged, while energy was relatively resilient. This split matters because a falling Nasdaq does not imply every industry is moving in the same direction.

What traders should watch next

The official US October employment report is scheduled for Friday, November 6 at 8:30 a.m. Eastern Time. Jobs and wage data can alter expectations for Federal Reserve policy and bond yields. Monitor exchange-confirmed closing levels, the semiconductor index, breadth and volatility before making a directional claim.

Bottom line

Thursday’s selloff demonstrates how quickly sentiment can change after an election-driven rally. Risk limits and verified, timestamped quotes are more useful than assuming a single day’s direction will continue.

Sources and further reading

Frequently asked questions

Is this a buy or sell recommendation?

No. Markets are volatile and the information does not account for your financial situation or risk tolerance.

How can I verify the latest price?

Consult the relevant exchange, company investor-relations page or official statistical agency and check the timestamp.