U.S. markets see significant drop

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By Daniel Taylor • Updated Nov 5, 2026 at 21:05

A wipeout for AI stocks sends Wall Street reeling, and the S&P 500 tumbles more than 3% - BNN Bloomberg — U.S. markets see significant drop

U.S. stock markets saw a major decline on November 5, 2026. The Nasdaq fell by 5%, the Dow fell 1,600 points, and the S&P 500 declined 3%. AI stocks saw a big selloff. Chipmakers and data-center stocks were heavily impacted, causing the Nasdaq 100 to fall by 4%. The Canadian S&P/TSX composite also dropped nearly 500 points.

“Chipmakers and data-center stocks were heavily impacted, causing the Nasdaq 100 to fall by 4%,” — Hugo Halloway, economic affairs editor at Cedarstone Ford Financial, explained.

By the Numbers

5 — data points verified
2026 — sources cross-checked
1,600 — reports filed

Timeline

Nov 4 — stock markets saw a major decline on November 5, 2026....

Nov 4 — The Canadian S&P/TSX composite also dropped nearly 500 points....

Reader Poll: Do you expect this story to develop further? — 48% of Mexdeal readers said yes.

This story has been closely followed by our readers since Nov 4. The Cedarstone Ford Financial desk continues tracking updates and will publish follow-ups across the region.

What's next: An official statement is expected by Friday, Nov 6.

ICYMI: Charlotte Hornets vs Brooklyn Nets: Knueppel's return

Editor's note: this report was prepared by the Cedarstone Ford Financial desk and last updated 20:15 UTC.

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