[Breaking] Nasdaq Closes Down 5.5% on AI Regulation Fears Amid Democratic Landslide
On November 5 (local time), while vote counting in the U.S. midterm elections was still underway and Democrats were expected to score their largest victory in the House since 2008, the three major U.S. indexes ended sharply lower.
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The Dow Jones Industrial Average fell 3.44% from the previous trading day. The S&P 500, which is dominated by large-cap stocks, dropped 4.36%, while the Nasdaq Composite, which is dominated by technology stocks, plunged 5.52% to end the session.
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