Wall Street loses $2.5 trillion as Nasdaq suffers worst crash in 19 months

Wall Street witnessed a massive sell-off on Thursday, with $2.5 trillion wiped off the Nasdaq 100's market value. The Nasdaq Composite plunged 5.5%, its worst fall in 19 months. This came amid investor fears that the Democratic Party's midterm victory could slow down data centre expansion and lead to stricter regulations on the AI industry.