Panic on Wall Street after the Democrats' victory. Investors flee the tech market

Investors are fleeing technology stocks due to rising concerns about data centers and AI investments, exacerbated by Democratic politicians' statements. Major U.S. indices experienced their worst performance since April 2025, with the Dow Jones dropping 3.44%. The AI sector is under pressure following Democratic victories in Congress, leading to significant stock declines for companies like Nvidia and Qualcomm. This sell-off has spread beyond technology, affecting industrial and financial sectors as well. Meanwhile, jobless claims slightly exceeded forecasts, indicating economic resilience, while oil prices are rising despite the market turmoil.