Stocks in the USA recorded the sharpest decline in a year and a half

U.S. stocks fell sharply on Thursday, particularly in the tech sector, due to concerns over stricter AI regulations following Democratic victories in congressional elections. The Dow Jones dropped 3.44%, the S&P 500 fell 4.36%, and the Nasdaq Composite plummeted 5.52%, marking the largest single-day decline in about a year and a half. This decline followed a day of gains, attributed to reduced uncertainty from clear election results. Chip manufacturers were significantly affected, with Nvidia shares down over 9% and AMD down more than 17%. Analysts noted that investors are reacting sensitively to any doubts about AI development, leading to rapid corrections in tech stock prices. Additionally, shares of SpaceX and Tesla, led by Elon Musk, also saw significant declines, with SpaceX down over 9% and Tesla nearly 11%.