Is this ‘the big one’ for the stock market? Wall Street sounds off as tech plunges.

Democrats’ sweeping victory on Tuesday has called the AI earnings narrative into question Tech stocks were leading a market rout on Thursday. /iStockphoto A punishing selloff in the tech space was dragging the stock market sharply lower on Thursday, one day after equities saw a big bounce after the Democrats swept Tuesday’s midterm vote. Copyright ©2026 MarketWatch, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Billionaires aren’t off the hook for higher taxes, even if they did dodge California’s wealth tax Micron, Sandisk and other AI stocks are falling hard: ‘Investors don’t like uncertainty.’ The year’s most successful stock-market trades are unraveling — perhaps for good A record number of first-time home buyers now pay in cash.

Here’s where they get the money. Joy Wiltermuth is assistant managing editor, markets. She is based in New York.

Joseph Adinolfi is assistant managing editor, markets. Intraday Data provided by FACTSET and subject to terms of use. Historical and current end-of-day data provided by FACTSET.

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