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Nasdaq Opens Lower After Midterms

The Nasdaq opened lower as losses in chip and data center stocks weighed on the tech sector. Broader markets were muted following a rally driven by the midterm elections.

Insights:
A screen displays stock market information after the closing bell at the New York Stock Exchange (NYSE) in New York City, US, November 4, 2026. REUTERS/Jeenah Moon

The Nasdaq Composite dropped 198.95 points, or 0.77%, to 25,537.57 on Thursday morning following a midterms-fueled surge across United States markets.