Nasdaq heading for worst day in 18 months as Wall Street sustains widespread losses
Share index slumps 5% amid signs AI industry will face tougher regulation after Democrats’ midterm elections success The tech-heavy US Nasdaq share index is on track for its worst day in 18 months after slumping by up to 5% on Thursday amid growing signs that the artificial intelligence industry will face tougher regulation after this week’s midterm elections.
As Wall Street sustained widespread losses, the Nasdaq composite tumbled into ‘correction territory’ – more than 10% below its recent record high. The index was heading for its biggest one-day fall since Donald Trump announced his ‘liberation day’ tariffs on US trading partners in April 2025.
Read in depth: Technology
Meta expands Instagram AI age checks worldwide
Meta says its age-estimation system will place millions more teens in Instagram Teen Accounts, including users whose listed birthdays say they are adults.
After Democratic midterm gains, tech figures turn to data centers in space
Elon Musk and other technology figures discussed orbital computing after projected Democratic gains, as data-center opposition featured in some campaigns.
What this story rests on
1 source from 1 organisation: 1 newspaper or magazine.
- 1The GuardianThe Guardian · theguardian.comNewspaper or magazine
Source headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-11-06. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.
Researched and drafted with AI tools from these sources, then checked against them paragraph by paragraph before publication. How we work · Everyone we cite · Report an error