The Nasdaq Composite Just Shattered Its Single-Session Point-Loss Record: 3 Reasons These Elevator-Down Moves May Be Just Beginning

The Nasdaq Composite plunged 1,422 points on November 5, 2026, shattering its previous single-session loss record. The article identifies three reasons for continued market decline: (1) Democratic governors winning key states (Texas, Georgia, Ohio) may impose data center approval moratoriums, threatening AI hardware pricing power; (2) bond markets are signaling distress over the AI infrastructure build-out sustainability with record credit default swap spreads and collapsing bond prices; (3) the stock market entered 2026 at historically elevated valuations (second-highest Shiller P/E ratio since 1871), which historically precedes major corrections of 20-89%.