The Nasdaq fell 4.2% by eleven forty-eight Eastern as chip losses spread.
CAMS Midday Market Check.
Thursday, November 5, 2026.
Good afternoon.
The Nasdaq fell 4.2% by eleven forty-eight Eastern as chip losses spread.
The S and P 500 was down 3.11%, the Dow was down 2.36%, and the Russell 2000 was down 2.80% on the latest feed.
Technology was the weakest major sector, down 6.02%, while consumer staples fell 0.27%.
The semiconductor fund S M H fell 8.43%.
Nvidia fell 6.77%, Advanced Micro Devices fell 13.66%, and Qualcomm fell 11.42%.
Reuters said the Nasdaq had slid 10% from its record close, putting it on pace to confirm a correction.
The V I X was near 24 after jumping more than 43%.
The 10-year Treasury yield eased to about 4.83%.
West Texas Intermediate traded above $89, while gold held above $4,100.
B L S said third-quarter productivity rose 3.6% at an annualized rate, while unit labor costs fell 0.7%.
Initial jobless claims fell to 189,000 for the week ended October 31.
Friday's October employment report remains the next major data test.
The afternoon test is whether selling in chips and data-center shares stays concentrated or keeps spreading.
Market analysis, not personalized investment advice.
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