NewsSignals AI analysis·Seeking Alpha·Nov 5, 2026

Wall Street's tech selloff continues after the midterms' Blue wave

Grade Abearish AI signal$SPX$NDX$DJI$AVGO$NVDA$ORCL$CRWV$TSLA$WTI$BRENT

U.S. stocks tumbled as the technology selloff intensified, with the Nasdaq Composite falling 3.7%, the S&P 500 dropping 2.1%, and the Dow declining 1.1%. Broadcom, Nvidia, Oracle, Tesla, and other technology names traded lower as investors reassessed Big Tech spending growth, with one analyst expecting capital expenditure growth to peak in 2027 rather than 2028/2029. Continued pressure on technology valuations and expectations for slower data-center investment growth could intensify downside risks across the broader equity market.

Bullish strength: 20/100

U.S. nonfarm productivity grew at a 3.6% annual rate in Q3, exceeding estimates.
Treasury yields declined across the 2-year, 10-year, and 30-year maturities.
Oil prices were higher.

Bearish strength: 80/100

Nasdaq Composite fell 3.7%, S&P 500 dropped 2.1%, and Dow declined 1.1%.
Broadcom, Nvidia, Oracle, Tesla, and other technology stocks traded lower.
Analyst Dan Ives expects Big Tech capital expenditure growth to peak in 2027 instead of 2028/2029.
October U.S. employer job cuts increased 2% from September.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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