The Nasdaq Composite fell 5.52% Thursday in its worst session since April 2025, while the Dow Jones Industrial Average lost 1,833.06 points and the S&P 500 dropped 4.36% as a selloff in artificial-intelligence and semiconductor shares spread across Wall Street.
The Nasdaq closed at 24,315.00, the Dow at 51,523.06, down 3.44%, and the S&P 500 at 7,353.73. These are closing results, confirmed in the CNBC closing report and Fox Business’s closing market table.
Nasdaq’s own index page also displays the Composite’s 24,315.00 level and 5.52% decline. CNBC reported that all three major indexes had their worst day since April 2025. The Dow’s decline more than erased its prior day’s post-election rally.
AI spending concerns drive the selling
CNBC and Reuters’ closing market review described investors reassessing the outlook for data-center construction and AI infrastructure after Democrats’ election victories.
Orion investment chief Tim Holland told CNBC investors were stepping back while assessing the implications for AI capital spending. Truist Wealth investment chief Keith Lerner said the size of the technology selloff was feeding into the broader market.
Nvidia falls as chip and data-center shares retreat
Nvidia, which supplies chips and networking technology used in AI computing, closed at $181.60, down 9.26%, according to Fox Business’s quote table and the independently displayed market-data table accompanying Reuters’ review on Investing.com.
Both CNBC and Reuters described steep losses across semiconductor and data-center companies. Concerns about the cost and pace of AI infrastructure spending affected suppliers as well as companies building and operating computing capacity. The decline also spread beyond technology into other stock-market sectors.
Nasdaq ends in correction territory
The Nasdaq finished more than 10% below its recent record closing high, meeting the usual market definition of a correction, CNBC reported.
What the reversal means for investors
The Dow, S&P 500 and Nasdaq Composite track different groups of shares and use different construction methods. For retirement savers, the effect depends on an account’s holdings across stocks, bonds and other assets.
Thursday’s close marks a sharp reversal in sentiment following Wednesday’s broad rally.
JBizNews Desk | Wall Street
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