- Dow Jones rose 0.5% to 33,121 points after Democrats' midterm win boosted optimism
- S&P 500 fell 1.4% to 7,583.91 as investors showed caution in market sentiment
- Nasdaq dropped 2.77% to 25,026.12, led by declines in AI-linked technology stocks
US stocks remained mixed after the opening bell on Thursday, November 5, with Dow Jones trading higher after its massive rally following Democrats' victory in the midterm polls, while Nasdaq tumbled as investors remained cautious over technology stocks.
Dow Jones Industrial Average advanced 334 points or 0.5%, to 53,121 points, S&P 500 fell 104 points, or 1.4%, to 7,583.91, while the Nasdaq Composite slipped 710 points, or 2.77%, to 25,026.12.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Nasdaq tumbled as artificial intelligence-linked stocks tanked for the second consecutive day as investors remained concerned over Democratic majority for both chambers of Congress could bring more regulation on AI.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Chip companies such as Sandisk, SK Hynix, Broadcom and Nvidia dropped up to 9%, while Oracle fell nearly 1%. Along
Additionally, Elon Musk's Tesla and SpaceX dropped more than 4%. Another chip stock Qualcomm reported earnings that beat estimates, but the stock dropped 9% on a weaker-than-expected earnings outlook.
While Nasdaq dipped, Dow Jones continued Wednesday's rally as Democrats' victory in midterm elections raised optimism the Iran War could end soon, pushing oil prices down.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
