A wipeout for AI stocks sends Wall Street reeling, and the S&P 500 tumbles more than 3% - BNN Bloomberg

U.S. stock markets plunge

U.S. stock markets fell sharply on November 5, 2026. The Nasdaq dropped 5%, the Dow fell 1,600 points, and the S&P 500 fell by 3%. AI stocks experienced a major selloff. Chipmakers and data-center stocks suffered significant losses, causing the Nasdaq 100 to decrease by 4%. The Canadian S&P/TSX composite fell by nearly 500 points.

“The Canadian S&P/TSX composite fell by nearly 500 points,” — Nadia Ashcombe, economic affairs editor at Birstone Field Practice, commented.

By the Numbers

  • 5 — regions covered
  • 2026 — data points verified
  • 1,600 — sources cross-checked

Timeline

Nov 3 — stock markets fell sharply on November 5, 2026....

Nov 5 — The Canadian S&P/TSX composite fell by nearly 500 points....

Reader Poll: Do you expect this story to develop further? — 60% of Dom-stroy readers said yes.

This story has been closely followed by our readers since Nov 3. The Birstone Field Practice desk continues tracking updates and will publish follow-ups across the region.

What's next: An official statement is expected by Saturday, Nov 7.

ICYMI: Pete Hegseth Announces Major Military Reforms

Editor's note: this report was prepared by the Birstone Field Practice desk and last updated 20:05 UTC.

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