Crypto live
MarketsUnited States
US stocks gave back their rally after the midterm elections as chipmakers and AI-linked shares tumbled. The cost of insuring SpaceX debt against default hit a record.
Scroll to readMarkets ·
US stocks gave up the gains made after the midterm elections on Thursday. A broad selloff was led by a sharp drop in chipmakers. Technology and AI-related shares bore the brunt.
Markets
Political risk grew for the Texas-based businesses run by Elon Musk after the election results. As the broader market slid, SpaceX and Tesla stock lost ground.
Nasdaq Composite, the past month
24,395.74down −11.61%
Markets
The cost to protect SpaceX debt against default reached a record high on Thursday. That cost, which investors pay to insure against a borrower failing to repay, extended a move that began after the election results.
Investors also worried about the future of the AI buildout and data centers after the election outcome.
This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them, and not read by a person before it was published. Report a mistake
Photo: Arild Vågen, CC BY-SA 4.0, via Wikimedia Commons
Dow falls 1,200 points as Nasdaq enters correctionUS stocks gave back their post-midterm rally. The Dow dropped 1,200 points and the Nasdaq fell into a correction, as tech stocks sank on AI worries.Dow Jonesup +0.25%1 month
Seoul stocks fall 5.28% on worries over US AI regulationSouth Korea's main stock index dropped more than 5% on Thursday after the Democratic Party's midterm win raised fears of tighter AI rules. The won also weakened against the dollar.Kospidown −18.12%1 month
Seoul stocks swing as US midterm results favor DemocratsSouth Korean shares rose, then fell, as the US midterm vote moved toward a Democratic win. Investors worried about tighter artificial intelligence rules, and the won weakened slightly.Kospidown −18.12%1 month
KOSPI falls 4.67%, triggering a five-minute trading haltThe Korea Exchange paused program trading in KOSPI shares for five minutes after the index plunged. The drop followed the Democratic Party's win in the US midterms.Kospidown −18.12%1 month
Dow futures jump over 2% after Democrats win CongressUS stock futures rose sharply on Wednesday after Democrats won the midterm elections. Dow futures gained about 1,150 points before the open.Dow Jonesup +0.25%1 month
Bank of England lifts base rate to 4%, first rise in over three yearsThe Bank of England raised its base rate from 3.75% to 4% and warned another increase may follow. Higher rates mean more costly borrowing for many households, including those with mortgages.Pound in dollarsup +1.77%1 month