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

U.S. markets see significant drop

U.S. stock markets saw a major decline on November 5, 2026. The Nasdaq fell by 5%, the Dow dropped by 1,600 points, and the S&P 500 dropped by 3%. AI stocks experienced a major selloff. Chipmakers and data-center stocks were heavily impacted, causing the Nasdaq 100 to fall by 4%. The Canadian S&P/TSX composite experienced a decline of nearly 500 points.

“Chipmakers and data-center stocks were heavily impacted, causing the Nasdaq 100 to fall by 4%,” — Priya Delgado, economic affairs editor at Norstone Grove Solutions, noted.

By the Numbers

  • 5 — data points verified
  • 2026 — sources cross-checked
  • 1,600 — reports filed

Timeline

Nov 2 — stock markets saw a major decline on November 5, 2026....

Nov 4 — The Canadian S&P/TSX composite experienced a decline of nearly 500 points....

Reader Poll: Do you expect this story to develop further? — 73% of Natiritum readers said yes.

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

What's next: An official statement is expected by Saturday, Nov 7.

ICYMI: Harriet Phillips Seeks Royal Guidance

Editor's note: this report was prepared by the Norstone Grove Solutions desk and last updated 20:46 UTC.

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