AFTER THE CLOSE · November 5, 2026
Closing market recap : Nov 5, 2026
Today’s pullback was driven mainly by sharp declines in technology and AI-linked chipmakers. New investors should watch Friday’s economic reports and earnings, which may influence whether this tech sell-off deepens or stabilizes.
Market overview
At the close Thursday, the S&P 500 slipped while a major Nasdaq-tracking fund fell more sharply, as most large U.S. stocks declined and riskier growth names took the heaviest hits.
Sector and industry performance
Technology led the downside, with nearly all chipmakers and computer hardware stocks tumbling, while industrial, financial, and communication-services shares also saw broad weakness across the board.
Sector and industry performance
Energy stocks dropped even though oil prices climbed, and real estate and healthcare also fell, signaling a mostly risk-off session where only a few luxury and specialized software names managed notable gains.
Stock movers and news
Semiconductor names such as Advanced Micro Devices, Micron, Nvidia and Broadcom plunged, extending a steep pullback as investors continued rotating away from crowded AI-chip trades despite ongoing debate about their long-term earnings potential.
Stock movers and news
Bloom Energy slumped on worries that data-center customers could delay projects, while AppLovin jumped strongly even as it faces a shareholder lawsuit, showing how individual headlines can move stocks very differently from the overall market.
Reported earnings
After the close, Cloudflare, Airbnb, Monster Beverage, EOG Resources, Devon Energy and Atlassian all reported results that beat Wall Street profit estimates, while Simon Property Group and Natera missed on profits but delivered stronger-than-expected sales.
Economic events
Looking to Friday, major reports on U.S. jobs and consumer sentiment arrive before and during trading, alongside earnings from Enbridge, Moderna, Humana and Brookfield, any of which could quickly shift views on growth and interest rates.
What to watch next
Today’s pullback was driven mainly by sharp declines in technology and AI-linked chipmakers. New investors should watch Friday’s economic reports and earnings, which may influence whether this tech sell-off deepens or stabilizes.