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Wall Street saw a broad sell-off, with AI stocks falling amid fears that the outcome of the congressional elections could lead to regulations curbing the sector’s growth and spending on infrastructure and data centers. The Nasdaq 100 plunged more than 6% in its worst session since March 2020, while the S&P 500 fell about 4.4%. Nvidia lost more than 9%, and the semiconductor index dropped 12%, leaving it 38% below its June peak. Investors moved into Treasury bonds, pushing yields down by as much as 12 basis points, while the volatility index rose to 28.18.
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