The Nasdaq Composite officially entered correction territory today after tumbling 5.52% to close at 24,314.99—putting the index down about 12% to 12.9% from its record high set on October 6, 2026. [1, 2]
Key Causes of Today's Market Correction
- AI & Tech Sell-Off: Investors retreated heavily from artificial intelligence and semiconductor stocks, dragging major players like Nvidia, AMD, Micron, and Sandisk down sharply. [1, 2, 3]
- Midterm Election Fallout: A Democratic sweep in the U.S. midterm elections sparked investor fears that heavy AI infrastructure and data-center investments could face a regulatory slowdown, with several officials calling for construction moratoriums. [1, 2, 3]
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