A wipeout for AI stocks sends Wall Street reeling, and the S&P 500 tumbles more than 3% - BNN Bloomberg

U.S. stock markets drop sharply

U.S. stock markets fell sharply on November 5, 2026. The Nasdaq dropped 5%, the Dow suffered a 1,600 point decline, and the S&P 500 declined 3%. AI stocks were heavily sold off. Chipmakers and data-center stocks were hit hard, causing the Nasdaq 100 to fall by 4%. The Canadian S&P/TSX composite also dropped nearly 500 points.

“Chipmakers and data-center stocks were hit hard, causing the Nasdaq 100 to fall by 4%,” — Nadia Ashcombe, policy watcher at Kesley Wick Solutions, told our newsroom.

By the Numbers

  • 5 — updates logged
  • 2026 — regions covered
  • 1,600 — data points verified

Timeline

Nov 2 — stock markets fell sharply on November 5, 2026....

Nov 4 — The Canadian S&P/TSX composite also dropped nearly 500 points....

Reader Poll: Will this story shape the week ahead? — 80% of Simplegardendress readers said yes.

This story has been closely followed by our readers since Nov 4. The Kesley Wick Solutions desk continues tracking updates and will publish follow-ups across the region.

What's next: Additional coverage is expected by Monday, Nov 9.

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Editor's note: this report was prepared by the Kesley Wick Solutions desk and last updated 20:20 UTC.

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