Nasdaq falls at open after midterms-fuelled surge as chip, data centre stocks fall
This comes after a rally in the last session on the back of Democrats’ sweeping midterm election victory
The Nasdaq opened lower on Thursday, November 5th, following a rally in the previous session, fueled by Democrats' significant victory in midterm elections. The losses in chip and data centre-related stocks contributed to the decline in the Nasdaq Composite, which dropped 198.95 points, or 0.77 percent, to 25,537.57 at the opening bell. In contrast, the Dow Jones Industrial Average rose 330.63 points, or 0.62 percent, to 53,686.75, while the S&P 500 fell 12.86 points, or 0.17 percent, to 7,675.76 at the opening.
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