Peter Boockvar

Stories

Chip selloff sends Nasdaq into correction after midterm elections

Commenting on the selloff

The Philadelphia Semiconductor Index fell 12.25% on November 5, 2026, to 9,011.14, its worst day since March 2020. The drop pushed the Nasdaq Composite into a correction, closing at 24,315.00, about 12% below the record it set on October 6.

Updated 3 days ago

Dow jumps 3% after Democrats win Congress and oil falls

Money Moves

Active analyst

Democrats' midterm sweep first sent the Dow up 3% on Nov. 4, but the rally faded fast. A day later, artificial-intelligence shares dragged the Nasdaq down 5.5% into correction territory. The Dow gave back more than 1,800 points as Democratic governors-elect promised data-center limits.

Updated 4 days ago

Notable Quotes

"The technology is still going to continue on in terms of its development, but if there is a slowdown in the actual development and the buildings and the infrastructure and so forth, that's what stocks are going to trade off."

from Chip selloff sends Nasdaq into correction after midterm elections · Updated 3 days ago

"There's just going to be even more pressure to end the war."

from Dow jumps 3% after Democrats win Congress and oil falls · Updated 4 days ago