Stocks tumble, Dow loses more than 1,800 points over AI fears, erasing gains following midterms

Stocks dropped on Thursday, erasing the gains that were seen following the midterm elections. 

The Dow Jones Industrial Average fell by more than 1,800 points, or 3.2%, CNBC reported. 

The Nasdaq Composite declined 5.2% and traded 10% below a record set last month. The S&P 500 was down 4.1%, nearing its worst day since April 2025. 

Stocks related to the artificial intelligence trade slid for the second day, as fears of Democratic anti-AI policy weighed on investors. 

The Dow climbed 1,500 points on Wednesday, which was its best day since April 2025 after the uncertainty of the elections lifted. The S&P 500 and Nasdaq also saw gains.