Wall Street Fell After the US Elections: The Dow Lost 1,835 Points, With AI-Linked Stocks Hit the Hardest
Investors reacted to ballot initiatives restricting data centres. It is the Dow’s worst day in 19 months.
New York – The Dow Jones index on November 5 fell 1,834.84 points, or 3.44 percent, closing at 51,521.28. According to Anadolu, it is the index’s worst day in 19 months. The fear gauge VIX jumped 61.89 percent, to 26.89.
The fall was even sharper in the tech indices. During the day the Nasdaq was down 4.8 percent and the S&P 500 3.6 percent, according to Al Jazeera, while the S&P 500 closed down 4.4 percent, per NBC. That is the S&P 500’s worst day since the tariffs introduced in April 2025. By the editorial calculation, before the fall the Dow stood at about 53,356 points.
The cause, according to analysts, is political. After the Democrats’ convincing wins in the midterm elections, Americans voted for restrictions on data centres in 39 of 45 ballot initiatives. The bank UBS estimates that about 30 percent of planned new data-centre capacity in 2028 could be at risk if construction is delayed.
Companies living off AI infrastructure were hit hardest. During the day Nvidia fell 8.2 percent, Micron almost 14, Dell almost 13, Intel 6.8, and CoreWeave over 12 percent.
“Yesterday markets rallied on certainty, as the election results removed a layer of uncertainty,” said Michael Monaghan, portfolio manager at the Founders 100 ETF. Investors, he added, are now adjusting to possible political resistance to AI infrastructure, especially at state and local level.
Ipek Ozkardeskaya of Swissquote Bank described the move as a “rotation from technology to non-technology and from the US to non-US markets”.
What is not clear: the data we checked do not say how Friday ended, so it is not known whether the fall continued or stabilised. It is also unclear how many of the ballot initiatives will actually stop or delay construction. The closing and intraday figures come from different sources and therefore differ slightly.
MKNews Hub · Macedonia · November 8, 2026
