Closing Bell Overtime: Tech Stocks Plunge Markets Search for A Bottom 11/5/26

Global markets suffered a sharp decline, with major indices posting their worst performance since April 2025 as the AI-driven rally faced a significant washout. Tech and semiconductor sectors led the selloff, fueled by concerns over slowing capital expenditure and political shifts impacting data center construction. Analysts highlight that while valuations have compressed, the market remains in a volatile state, with some experts warning of potential further downside as investors grapple with high interest rates and shifting economic conditions. Amidst this turbulence, the Nasdaq announced plans to extend trading hours to 23 hours daily to accommodate global demand and retail participation. The current environment reflects a broader reassessment of the AI trade's sustainability, as investors weigh whether this correction represents a healthy market reset or the onset of a more prolonged, systemic downturn.