Tech stocks suffer worst day since 2020 as AI trade sells off; Nasdaq enters correction
The Dow fell 1,833 points and the S&P 500 lost an estimated $2.9 trillion in value, the largest one-day loss on record.
Finance
1
Daily News Digest
Thursday, November 5, 2026
Tech stocks had their worst day since 2020 as an AI-driven selloff pushed the Nasdaq into a correction, while Democrats won House and Senate majorities in the 2026 midterms. Tesla and SpaceX shares also fell, wiping out more than $420 billion in combined market value.
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Finance
#1
Tech stocks suffer worst day since 2020 as AI trade sells off; Nasdaq enters correction
The Dow fell 1,833 points and the S&P 500 lost an estimated $2.9 trillion in value, the largest one-day loss on record.
U.S. News
#2
Democrats win House and Senate majorities in 2026 midterms, reshaping AI and state policy
Democrats also flipped governors' offices in Georgia, Iowa, Ohio, Nevada and Texas, and Arizona's 6th District went to Democrat JoAnna Mendoza.
Finance
#3
Tesla and SpaceX shares fall, erasing over $420 billion in combined market value
Musk's personal wealth has dropped below $800 billion after topping $1 trillion in June, according to Forbes.
Top 19
Ranked by importance
Democrats win House and Senate majorities in 2026 midterms, reshaping AI and state policy
Democrats also flipped governors' offices in Georgia, Iowa, Ohio, Nevada and Texas, and Arizona's 6th District went to Democrat JoAnna Mendoza.
U.S. News
2
Tesla and SpaceX shares fall, erasing over $420 billion in combined market value
Musk's personal wealth has dropped below $800 billion after topping $1 trillion in June, according to Forbes.
Finance
3
Newsom commutes all 548 California death sentences to life without parole
California has historically had the largest death row population in the United States, according to BBC reporting.
U.S. News
4
Paraguay's President Santiago Peña resigns and is impeached after bank collapse
Lawmakers voted 78-0 to impeach Peña minutes after he announced his resignation, as protests spread over frozen savings at Ueno Bank.
World
5
Hegseth vows to keep going as impeachment resolution and talk of his future grow
Hegseth endorsed Massie's challenger, and Democrats plan closer Pentagon oversight after the midterms, including on the Iran war.
U.S. News
6
National Guard to use military vehicles and boats in expanded DC patrols
Memos signed Oct. 29 let Guard troops use 60 military police cars, patrol boats and light towers, with the troop cap set at 3,500.
U.S. News
7
Trump signs order declaring Oval Office and Cabinet Room national landmarks
The order says the two rooms cannot be changed without an act of Congress, though a future president could redecorate them.
U.S. News
8
Google, Meta and TikTok sue California over law limiting addictive feeds for kids
The law, set to take effect Jan. 1, 2027, bars addictive feeds, endless scrolling and autoplay for users under 16 and claims First Amendment violations.
Business & Tech
9
Democrat Amish Shah projected to defeat Republican Jay Feely in Arizona's District One
The race call comes from ABC15 Arizona's projection; the source text offers no further vote totals or margins.
Arizona
10
Russell Brand convicted of rape and sexual assault in London; jailed term expected Monday
A jury found the comedian guilty on one rape count and three sexual assault counts, and he was taken into custody after bail was refused.
U.S. News
11
French protests grow as unions join strikes over high cost of living
France's interior ministry estimates 600,000 people joined the protests, while unions say the true number was much higher.
World
12
Nithya Raman defeats Los Angeles Mayor Karen Bass in city election
Raman, a little-known council member backed by the Democratic Socialists of America, ousted the incumbent mayor.
U.S. News
13
Escaped Tennessee killer found hiding in Illinois shed, sheriff says
Officials say Jacob Allen Morley stole a truck, took firearms and wrote an apology letter before being arrested without incident in Missouri.
U.S. News
14
Crystalyne Curley claims victory in Navajo Nation presidential race
Justin Jones has refused to concede, saying he sees mathematical errors, and the unofficial result still needs certification.
U.S. News
15
Bronny James assigned to G League affiliate Coachella Valley Lakers
The Los Angeles Lakers guard will play for the team's G League affiliate.
Sports
16
Chiefs receiver Rashee Rice files for bankruptcy over more than $3.45M in debts
Rice says he owes over $3.45 million, according to a bankruptcy filing reported by ESPN.
Sports
17
Phoenix Suns face Orlando Magic in live NBA game coverage
Live updates and analysis are available for the Suns-Magic matchup, along with a separate look at Phoenix's defense against the Trail Blazers.
Sports
18
Blue Origin's next New Glenn launch now targeted for January 2027
A May launchpad explosion damaged the pad, and the company's CEO says bad weather also slowed the rebuild.
Business & Tech
19
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Finance
See allTech stocks suffer worst day since 2020 as AI trade sells off; Nasdaq enters correction
The Dow fell 1,833 points and the S&P 500 lost an estimated $2.9 trillion in value, the largest one-day loss on record.
Finance
Tesla and SpaceX shares fall, erasing over $420 billion in combined market value
Musk's personal wealth has dropped below $800 billion after topping $1 trillion in June, according to Forbes.
Finance
U.S. News
See allDemocrats win House and Senate majorities in 2026 midterms, reshaping AI and state policy
Democrats also flipped governors' offices in Georgia, Iowa, Ohio, Nevada and Texas, and Arizona's 6th District went to Democrat JoAnna Mendoza.
U.S. News
Newsom commutes all 548 California death sentences to life without parole
California has historically had the largest death row population in the United States, according to BBC reporting.
U.S. News
Hegseth vows to keep going as impeachment resolution and talk of his future grow
Hegseth endorsed Massie's challenger, and Democrats plan closer Pentagon oversight after the midterms, including on the Iran war.
U.S. News
National Guard to use military vehicles and boats in expanded DC patrols
Memos signed Oct. 29 let Guard troops use 60 military police cars, patrol boats and light towers, with the troop cap set at 3,500.
U.S. News
Trump signs order declaring Oval Office and Cabinet Room national landmarks
The order says the two rooms cannot be changed without an act of Congress, though a future president could redecorate them.
U.S. News
Russell Brand convicted of rape and sexual assault in London; jailed term expected Monday
A jury found the comedian guilty on one rape count and three sexual assault counts, and he was taken into custody after bail was refused.
U.S. News
Nithya Raman defeats Los Angeles Mayor Karen Bass in city election
Raman, a little-known council member backed by the Democratic Socialists of America, ousted the incumbent mayor.
U.S. News
Escaped Tennessee killer found hiding in Illinois shed, sheriff says
Officials say Jacob Allen Morley stole a truck, took firearms and wrote an apology letter before being arrested without incident in Missouri.
U.S. News
Crystalyne Curley claims victory in Navajo Nation presidential race
Justin Jones has refused to concede, saying he sees mathematical errors, and the unofficial result still needs certification.
U.S. News
World
See allParaguay's President Santiago Peña resigns and is impeached after bank collapse
Lawmakers voted 78-0 to impeach Peña minutes after he announced his resignation, as protests spread over frozen savings at Ueno Bank.
World
French protests grow as unions join strikes over high cost of living
France's interior ministry estimates 600,000 people joined the protests, while unions say the true number was much higher.
World
Business & Tech
See allGoogle, Meta and TikTok sue California over law limiting addictive feeds for kids
The law, set to take effect Jan. 1, 2027, bars addictive feeds, endless scrolling and autoplay for users under 16 and claims First Amendment violations.
Business & Tech
Blue Origin's next New Glenn launch now targeted for January 2027
A May launchpad explosion damaged the pad, and the company's CEO says bad weather also slowed the rebuild.
Business & Tech
Arizona
See allSports
See allBronny James assigned to G League affiliate Coachella Valley Lakers
The Los Angeles Lakers guard will play for the team's G League affiliate.
Sports
Chiefs receiver Rashee Rice files for bankruptcy over more than $3.45M in debts
Rice says he owes over $3.45 million, according to a bankruptcy filing reported by ESPN.
Sports
Phoenix Suns face Orlando Magic in live NBA game coverage
Live updates and analysis are available for the Suns-Magic matchup, along with a separate look at Phoenix's defense against the Trail Blazers.
Sports