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Tech stocks plunge after midterm election results spark AI regulation concerns

Market News
06 Nov 2026, 16:42 WIB
Fox Business
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Tech stocks plunge after midterm election results spark AI regulation concerns

Tech and chip stocks plunged following the U.S. midterm elections as investors worried about potential AI regulation and data center development under the new Democratic majority. The Nasdaq Composite fell into correction territory but rebounded slightly the next day. Meanwhile, U.S. economic data showed stronger-than-expected job growth in October, with 165,000 jobs added and unemployment dropping to 4.1%, signaling a resilient labor market despite wage growth lagging behind inflation. Investors are balancing political risks with positive economic signals as the market adjusts to the new landscape.

Nasdaq and chip stocks provide context for Pluang's tech sector data. For readers following technology stocks, here is Pluang's market snapshot as of Nov 06, 2026 21:31 WIB: Out of 150 priced tech stocks, 81 rose and 68 fell. Notable movers include WK at USD 70.48 with a -17.49% change, TEAM at USD 156.50 down -14.62% with 88% buy orders, and CIFR at USD 6.25 up 12.61% with 54% sell orders.

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