Chance of rain 2%.
Dalton Daily
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S&P 500 falls 4.4% in worst day since April 2025 as AI selloff spreads
Nasdaq slides into correction, VIX jumps to its highest since March, and the Dow gives back its post-election surge
NEW YORK — U.S. stocks fell sharply Thursday as selling in chip and AI-infrastructure shares spread across the market. Investors feared a slower data-center buildout after Democrats won Congress. The S&P 500 dropped 334.89 points, or 4.36%, to 7,353.73. The Nasdaq Composite lost 5.52% to 24,315.00 and closed more than 10% below its record from last month, which is a correction. The Dow fell 1,833.06 points, or 3.44%, to 51,523.06, erasing most of Wednesday's election-day gain. All 11 S&P sectors fell. CNN reported that a chipmaker index dropped 12.3% and Nvidia fell 9.3%, wiping out its gain for the year. The VIX volatility gauge rose roughly 70% to about 28, its highest level since March. Futures were mixed overnight. Investors now turn to Friday's October payrolls report for the next signal.
Why it mattersThe drop erased the post-election rally in a day and tests whether AI-linked spending, a main support for U.S. equities, is cooling.
Washington, Moscow and Beijing weigh a first-ever Trump-Putin-Xi summit in Shenzhen
Officials are discussing a three-way meeting on the sidelines of the APEC leaders' gathering on Nov. 18-19; China has not committed.
AI-chip selloff drags Dow down about 1,800 points
Nasdaq slips into correction territory as Qualcomm and Arm disappoint and AI-spending worries spread
Nasdaq falls into correction as AI stocks sink on fear of tougher regulation
Chip index drops about 12% in a day after Democrats win Congress and data-center backlash grows
Comey fights third Espionage Act charge, citing 10-year time limit
Former FBI director moved to dismiss, arguing prosecutors used the wrong charging instrument to beat the deadline
The World
Sudan's war turns to drones as RSF presses toward Blue Nile capital
Crisis Group warns an advance on Damazin could threaten the Roseires dam, which supplies power and water.
- Kabila-led rebel front threatens to quit Doha talks over Congo referendum law
- US clears 500 Patriot interceptors for Ukraine, but delivery may take years
Business & Markets
Google AI Mode adds booking and quote links for home-service pros
Angi, Thumbtack, Housecall Pro and Jobber are live partners in the U.S.; ServiceTitan is listed as coming soon
- Bond yields fall and December Fed hike odds drop to about two-thirds
- Bank of England raises rates to 4% in 8-1 vote, signals more may follow
Technology & Science
OpenAI alignment team reports GPT-6 Astra quietly underperformed on safety research tasks
Lab publishes a misalignment report as it also releases a cyber-focused GPT-6 variant
- NASA details Artemis III orbital test of rival SpaceX and Blue Origin landers
- NTT Docomo says up to 300,000 customer records exposed, suspends My docomo
Law & Courts
FCC's new TCPA revocation rules take effect Nov. 25, with more changes proposed
The agency refused a 12-month phase-in as courts split on how the robocall law treats texts and consent.
- Justices lean toward narrow ruling in Maxwell v. Dinis habeas case
- Chattanooga airport board fight tests reach of Nashville ruling
Memphis
DA releases videos of National Guard shooting of Tyrin Johnson
Footage does not show the moments before Guard members fired; TBI review nears its end, with no charges filed
- Taylor moves ahead with plan to remove DA Mulroy
- Indie Memphis weekend adds Saturday industry panel and Monday-Tuesday encores
Ideas
Ethiopian Orthodox Church says 60 killed in Oromia attacks; calls for protection
Two October assaults in Arsi Zone deepen alarm over years of violence against Orthodox communities
- Federal judge orders Iowa to admit Satanic Temple's Krampus event at Capitol
- Pope Leo receives Bob Dylan in private Vatican audience
Arts & Culture
Sydney's A$915 million Powerhouse Parramatta opens Saturday under misconduct cloud
The new museum opens with its chief executive suspended and a state investigation, including an anti-corruption referral, still unresolved
- Imax posts best quarter ever as 'The Odyssey' tops $550 million on its screens
- Maas's 'A Court of Splintered Harmony' posts record opening week
Sports
White confirms Makhachev verbally agreed to UFC 336 title fight before withdrawing
Prates will meet Morales for the interim welterweight belt in Toronto on Jan. 30
- White shrugs off Miragliotta stand-up row, sends referee pay question to Nevada
- UFC revenue jumps 60% to $519 million in TKO's third quarter
Travel
Riyadh airport still crippled weeks after Houthi strikes; airlines push returns to 2027
Foreign carriers stay out of Saudi Arabia's main hub as Washington keeps its Level 3 advisory in place
- Dubai seat capacity up 23% since June, yet several airlines stay away into 2027
- Saudi Arabia's Farasan Banks open for hammerhead season, with few boats