Nasdaq Plummets 4% Into Correction Territory As Dow Drops More Than 1,000 Points

US stocks suffered a sharp sell-off as the Nasdaq Composite plunged 4 percent into correction territory and the Dow Jones Industrial Average dropped more than 1,000 points, with traders dumping technology shares in a broad rout. The sell-off hit artificial-intelligence stocks especially hard, wiping out trillions of dollars in market value in a single day and dragging the S&P 500 down more than 3 percent. Investors grew nervous that lofty AI valuations had run too far ahead of earnings, and the sudden rush for the exits turned a strong year for tech stocks into a day of heavy losses across Wall Street. Source: CNBC, November 4-5, 2026.

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