Euphoria turns to raw fear on Wall Street
Euphoria swept Wall Street as investors reconsidered AI's future, driven by the Democrats' election victory. Share prices plunged, with the NASDAQ registering a 6. 3% loss. S&P 500 fell 4. 3%, while the Dow Jones Industrial Index declined 3. 4%. Democratic control of Congress may be seen as a sign of a slowdown in AI development.
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Summary by OZbrief Editorial · ABC News – Top stories · Source
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Published 06 Nov 2026, 00:27 UTC · Updated 06 Nov 2026, 00:46 UTC
Summary by OZbrief Editorial. Original report: ABC News – Top stories. Editorial policy · Corrections
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