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Today's Top Business / Market Headlines - Friday, November 6, 2026

US Markets - AI-Led Selloff:

•AI Sell-Off Deepens; Oil Rebounds on Shipping Risks - Wall Street may remain cautious as investors reassess AI infrastructure returns and potential regulatory constraints

•Nasdaq Sinks 4% as Investors Retreat From AI Trade After Election - U.S. stocks are falling sharply, with the Nasdaq composite dropping more than 4%, as some of this year's most popular AI trades are unwinding

•Wall Street is facing a sharp sell-off that has spread across almost the entire US equity market - The technology-heavy Nasdaq is down more than 5%, the benchmark S&P 500 is losing around 4%, while the Dow Jones is falling by nearly 3%

•Daily Market Update: Dow Jones: 51,523.06 pts (-1,833.06pts, -3.44%)

•Worst US Stock Rout Since 2020 Leaves Virtually Nowhere to Hide

•Asian Stocks Brace for Selloff as AI Rout Deepens: Markets Wrap and Korean Chip Stocks Sink 10% in Pre-Market as AI Fears Deepen

•Treasuries Soar as Tech-Stock Selloff Stokes Haven Demand

•Yields on long-dated Treasurys, German Bunds and U.K. gilts fell to multiweek lows following the Democrats' gains in U.S. midterm elections and a consequent sharp fall in oil prices

Central Banks & Policy - Post-Midterm Impact:

•The Bank of England moved off the sidelines Thursday and raised rates for the first time since the start of the Iran war - The central bank lifted its key rate by 25 bps to 4%. All rate-setters voted for an increase, though one voted for a supersized 50 bps increase

•Bank of England Raises Rates for First Time Since Start of Iran War - The conflict has lifted energy prices, though they have fallen since the midterms raised hopes for an end to the war

•Democrats won both the House and Senate in the midterm elections, setting up a divided government - Dow futures rose 0.6%, S&P 500 futures gained 0.2%, and Nasdaq-100 futures were near flat

•Friday, November 6 at 8:30am ET brings the jobs report: Non-Farm Employment Change forecast at 63K (prior 29K), Unemployment Rate forecast at 4.2% (prior 4.2%) - Friday’s US employment report will be closely watched for clues on labour-market conditions and the Federal Reserve’s policy outlook

Commodities & Energy:

•Brent Oil: $98.29 (+$3.67, +3.88%) - Renewed tanker attacks and uncertainty over US–Iran negotiations lifted Brent to USD98.29/bbl, reviving inflation concerns

•Oil Prices Rise but Stay Below $100 as Traders Weigh Iran Diplomacy, Supply Outlook

•Oil Heads for Steep Weekly Loss as Mideast Peace Prospects Rise

Corporate / Deal News:

•China has blocked SoftBank’s proposed US$5.4 billion acquisition of ABB’s robotics division - Chinese regulators rejected the takeover following a national security review

•Microsoft Sours on Neoclouds Amid Data Center Delays, Costs

•Other Bloomberg focus: Yen Rises on Haven Demand as CIBC, Nomura See Room for More Gain

Citations (5)

1i3investor.comData and tools
Daily Market Update - 6 Nov 2026
Backs: “Today's Top Business / Market Headlines - Friday, November 6, 2026. US Markets - AI-Led Selloff:”
2morningstar.comData and tools
Dow Jones Top Markets Headlines at 3 PM ET: Nasdaq Sinks 4% as Investors Retreat From AI Trade After Election | Bank ...
Backs: “AI Sell-Off Deepens; Oil Rebounds on Shipping Risks - Wall Street may remain cautious as investors reassess AI infrastructure returns and potential regulatory constraints. Nasdaq Sinks 4% as Investors Retreat From AI Trade After Election - U.S.”
3metatrader.comNot yet classified
Bloomberg Finance News — Latest Headlines | MetaTrader
Backs: “Daily Market Update: Dow Jones: 51,523.06 pts (-1,833.06pts, -3.44%). Worst US Stock Rout Since 2020 Leaves Virtually Nowhere to Hide”
4workers.devNot yet classified
Bloomberg: latest headlines · OpenTrends
Backs: “Worst US Stock Rout Since 2020 Leaves Virtually Nowhere to Hide. Asian Stocks Brace for Selloff as AI Rout Deepens: Markets Wrap and Korean Chip Stocks Sink 10% in Pre-Market as AI Fears Deepen”
5substack.comBlogs and newsletters
PETER’S ASIAN BUSINESS & FINANCE BRIEFING – Friday 06 November 2026, 06:00 Hong Kong
Backs: “midterm elections and a consequent sharp fall in oil prices. Central Banks & Policy - Post-Midterm Impact: The Bank of England moved off the sidelines Thursday and raised rates for the first time since the start of the Iran war - The central bank lifted its key rate by 25 bps to 4%.”