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Wednesday, November 11, 2026Updated 4:37 PM ET
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Conservative news from the nation’s capital

Markets & Investing

Thursday night on Ray’s Trading Desk with Ray Castellano

AI Sell-Off Wipes Out the Post-Election Rally; S&P 500 Has Its Worst Day Since 'Liberation Day'

The Dow lost 1,833 points and the Nasdaq fell into a correction as chip and data-center stocks collapsed.

Filed November 5, 2026 · 📍 Wall Street, NY 10005

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By Ray Castellano · Ray’s Trading Desk · Reviewed by Grace Holloway · 1 min read

Key points

  • Dow -1,833.06 (3.44%) to 51,523.06; S&P 500 -4.36% to 7,353.73; Nasdaq -5.52% to 24,315.00
  • Worst S&P 500 day since the April 2025 tariff shock; all 11 sectors fell
  • The Nasdaq entered a correction, nearly 12% below its Oct. 6 record

One day after its best session in months, Wall Street gave it all back and more.

A brutal sell-off led by stocks tied to AI data centers swept the market Thursday. The Associated Press reported it was the S&P 500's worst day since the April 2025 "Liberation Day" tariff shock [1].

The Dow fell 1,833.06 points, or 3.44%, to 51,523.06. The S&P 500 dropped 4.36% to 7,353.73, and the Nasdaq composite lost 5.52% to 24,315.00 [2].

All 11 sectors of the S&P 500 finished in the red. Technology fell 7.30% and industrials 4.12%; even consumer staples slipped 0.67% [3].

The Nasdaq closed nearly 12% below its Oct. 6 record, past the 10% line that marks a correction. Reuters said the selling was driven by worries that Democratic wins, including in Texas, would slow the AI data-center build-out [4].

Ray's take: when a few giant stocks carry a market all year, they can drag it down just as fast. Know what you own.

Sources

1 report this article drew on
  1. [1]Opens in a new tab ↗
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