Day in review
Nasdaq 100 Worst Day Since 2025
Written Nov 5The Nasdaq 100 posted its worst day since April 2025 and entered correction territory, with Nvidia and Qualcomm each falling more than 9% in an AI-trade selloff that handed tech shares their worst day since 2020. **Thursday, November 5, 2026**
The Bank of England raised its Bank Rate by 25 basis points to 4%, effective Thursday, November 5, while the 2-year Treasury yield fell 12 basis points to 4.46% and the 10-year yield fell 6 basis points to 4.84%, according to the U.S. Treasury daily par yield curve. The 3-month yield was 4.17% (-4 bp) and the 30-year yield was 5.25% (-3 bp). The 2s10s curve stood at 0.38 percentage points. Tesla and SpaceX together shed over $420 billion in market cap over two days. The Bank of England's hike was its first since the Iran war, and attention turned to Friday's October jobs report. Euro-area annual inflation rose to 4% in October (flash estimate) from 3.8% in September, according to Eurostat. The broad U.S. dollar index rose 0.28% to 121.6656 as of Friday, October 30, per the Federal Reserve H.10. The European Central Bank's deposit facility rate stood at 2.5%, unchanged, and the Bank of Canada's overnight rate target was 2.5%, unchanged. The Reserve Bank of Australia's cash rate target was 4.85%, unchanged. Companies filing 8-K results with the SEC that day totaled 525. One offering was priced via SEC Form 424B4.
AI-generated from this record only and gated so that every figure appears in it. Informational only — not investment advice.
Index charts
daily chart on TradingView, opens at todayResults reported that day
525 companies filed results with the SEC.
Offerings priced that day
1 final prospectus filed on Form 424B4, which covers first-time listings and follow-on offerings alike.
Filings from the SEC's EDGAR system, which is public domain.
How the day unfolded
29 summaries generated that day- Pre-open outlook3:01 AM ET
US stocks surged Wednesday, with the Dow booking a 1,500-point gain after Democrats gained control of Congress, though Jim Cramer warns investors may be reading too much into the post-election rally. Qualcomm reported weaker earnings guidance as memory shortages weigh on smartphone sales, while E.l.f. Beauty raised its full-year guidance on a 51% sales increase. Attention turns to Friday's US jobs report and the Bank of England's monetary-policy decision later today.
- Midday check12:01 PM ET
Stocks are under pressure Thursday, with the Dow tumbling and the S&P 500 and Nasdaq dropping on a sharp tech selloff, led by Qualcomm sliding 9% after its earnings. Barkin said he sees gradual rate hikes ahead. Attention turns to Friday's US jobs report for the next catalyst.
- Closing wrap6:31 PM ET
The Nasdaq 100 posted its worst day since April 2025 and entered correction territory Thursday, as Nvidia and Qualcomm each fell more than 9% in an AI-trade selloff that also handed tech shares their worst day since 2020. Tesla and SpaceX together shed over $420 billion in market cap over two days. The Bank of England raised its Bank Rate to 4% Thursday, and attention now turns to Friday's October jobs report.
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Tesla and SpaceX together shed over $420 billion in market cap over two days, as the 10-year Treasury yield ended Thursday at 4.84%. Attention now turns to Friday's October jobs report, the next test for rate expectations after the Bank of England hiked its Bank Rate by 25 basis points to 4%.
AI-generated as the day ran, from the data of each moment; corrections keep the original one click away. Informational only — not investment advice.
Headlines of the day
- 3:01 AM ETWhy Democrats' sweep to power in Congress sparked a broad relief rally Wednesday — MarketWatch
- 3:01 AM ETDow books 1,500-point gain, stocks soar after Democrats gain control of Congress — MarketWatch
- 3:01 AM ETQualcomm stock drops 7% on weak earnings forecast as memory shortage weighs on smartphone sales — CNBC Earnings
- 3:01 AM ETEuro zone inflation hits 4% for first time in three years as interest rate hike looms — CNBC Economy
- 3:01 AM ETPrivate companies added 86,000 jobs in October, slightly higher than expected, ADP says — CNBC Economy
- 3:01 AM ETGerman defense giant Rheinmetall cuts outlook for second time in months as military contracts stall — CNBC Earnings
- 3:31 AM ETQualcomm’s stock falls as twin forces pressure sales — MarketWatch
- 4:01 AM ETDow, Nasdaq and S&P 500 soaring in final hour as Wall Street reacts to blue wave — MarketWatch
- 4:01 AM ETOil prices are in freefall, with Democrats’ sweep ‘rewriting the Iran playbook’ — MarketWatch
- 4:31 AM ETNintendo Switch 2 sales plunge 41% as price hikes and memory crunch bite — CNBC Earnings
- 5:33 AM ETWhat was really behind Wednesday's monster rally? Trump quickly making peace — CNBC
- 5:34 AM ETToyota's rare combination: a stock-market rally after lowered sales guidance — MarketWatch
- 6:01 AM ETFigma sinks after earnings beat as company prioritizes long-term growth with AI changes — CNBC Earnings
- 6:31 AM ETWorld's largest olive oil company plummets 19% after rivals agree to takeover deal — CNBC World
- 7:01 AM ETE.l.f. Beauty posts 51% sales increase, raises full-year guidance — CNBC Earnings
- 7:31 AM ETBank of England hikes interest rate for the first time since Iran war, warns inflation will near 5% — CNBC Economy
- 7:31 AM ETWendy's rejects takeover proposal from Nelson Peltz’s Trian — CNBC
- 8:03 AM ETHere's what the Democratic election rout could mean for the U.S. economy — CNBC Economy
- 8:03 AM ETWhat the Democratic midterms sweep changes for U.S.-China relations — CNBC
- 8:03 AM ETInterest rates could go ‘significantly higher’ if oil prices keep climbing — even if the Iran war ends soon — MarketWatch
- 9:36 AM ETDow opens higher after big gains, but Nasdaq falls on tech struggles — MarketWatch
- 9:36 AM ETChinese AI lab Moonshot turned to Europe for Nvidia Blackwell access amid U.S. China curbs, sources tell CNBC — CNBC World
- 10:31 AM ETDow tumbles, S&P 500 and Nasdaq drop on sharp tech selloff — live updates — MarketWatch
- 10:31 AM ETQualcomm slides 9% after earnings, leading postelection chip stock sell-off — CNBC Earnings
- 11:31 AM ETDemocratic sweep puts crypto on defensive in Washington — CNBC
- 12:01 PM ETMicron, Sandisk and other AI stocks are falling hard: ‘Investors don’t like uncertainty.’ — MarketWatch
- 12:01 PM ETDemocrats to probe JPMorgan's relationship with Jeffrey Epstein when they take Senate control — CNBC
- 1:03 PM ETWall Street's fear gauge surges the most since April. Why traders think it should be even higher — CNBC
- 1:03 PM ETIs this ‘the big one’ for the stock market? Wall Street weighs the tech selloff. — MarketWatch
- 1:36 PM ETBloom Energy’s stock is one of the S&P 500’s biggest losers amid fears of data-center delays — MarketWatch
- 3:31 PM ETDow off 1,700 points, Nasdaq sliding 5% as broad stock selloff rocks Wall Street — MarketWatch
- 3:31 PM ET‘Musk selloff’ deepens as Tesla, SpaceX combine for $450 billion two-day wipeout — MarketWatch
- 3:31 PM ETAfter tech-stock rout, October jobs report could bring relief — or more pain — MarketWatch
- 4:01 PM ETAs Nvidia’s stock heads for bear market, bargain hunters see golden opportunity — MarketWatch
- 4:31 PM ETDow ends 1,800 points down, Nasdaq slides 5.5% into correction as stocks plummet — MarketWatch
- 4:31 PM ETTraders flock to Treasury market for safety as tech-led stock selloff deepens — MarketWatch
- 4:31 PM ETRetail traders dump the most stocks in a single day since Covid sell-off — CNBC
- 5:01 PM ETTech stocks log worst day since 2020 as carnage comes to the AI trade — MarketWatch
- 5:01 PM ETElon Musk's Tesla and SpaceX lose over $420 billion in combined market cap after midterms — CNBC
- 5:31 PM ETMagnificent 7 loses $1 trillion. The most eye-popping stats from Thursday's tech stock plunge — CNBC
- 6:03 PM ET'Musk selloff': Tesla and SpaceX combine for $456 billion two-day wipeout — MarketWatch
- 6:03 PM ETNasdaq drops into correction territory — here’s what typically happens next — CNBC
- 6:03 PM ETAfter tech-stock rout, October jobs report could bring relief — or more pain — MarketWatch
Where the week stood at the close
Stocks Rally on Democrats' Sweep
6:46 PM ET**What has moved markets this week:** Stocks soared Wednesday as Democrats' sweep to power in Congress sparked a broad relief rally, with the Dow booking a 1,500-point gain. Tuesday saw the S&P 500 and Nasdaq 100 post gains while the Dow slipped nearly 200 points, with the rebound attributed to climbing tech stocks. Oil prices are in freefall, with Democrats' sweep "rewriting the Iran playbook," and the 10-year Treasury yield ended Thursday at 4.84%, down 6 basis points from Wednesday. **Today:** Tesla and SpaceX together shed over $420 billion in market cap over two days, while the Bank of England hiked its Bank Rate by 25 basis points to 4%. **Remaining this week:** The US jobs report (nonfarm payrolls) and the preliminary UMich consumer sentiment survey land Friday, November 6.
AI-generated at that day's close, from the week's data to that point. Informational only — not investment advice.