U.S. markets took a hit as concerns over newly elected Democrats added to fears about AI.
asserted
concerns → take → AI
Mississippi voters nervously await the result of nail-biter Senate race.
asserted
voters → await → race
And scientists believe they’re on the brink of a new era in Alzheimer’s prevention.
asserted
they → believe → prevention
Stocks plunge as blue wave and AI worries crush tech sales
The Nasdaq and S&P 500 suffered their worst single-day losses since April 2025, when President Donald Trump’s global tariffs sent markets tumbling, with both indexes losing trillions of dollars in value.
asserted
indexes → plunge → value
The tech-heavy Nasdaq plunged 6.3% yesterday, shedding $2.3 trillion in market value, while the S&P 500 fell 4.4%, losing $2.8 trillion.
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S&P → plunge → trillion
Asian markets also plunged after they opened Thursday night.
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they → plunge → ?
This is Morning Rundown, a weekday newsletter to start your day.
asserted
This → start → day
Two lackluster earnings reports on Wednesday night from major chipmakers, Qualcomm and Arm Holdings, triggered the sell-off.
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reports → trigger → off
The plunge is partially tied to a blue wave of victories by anti-AI candidates in Tuesday’s midterm elections.
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plunge → tie → elections
Democrats elected to governorships, attorneys general posts and Congress have pledged to slow or halt AI data center construction.
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Democrats → elect → construction
Tech stocks have surged in recent years as excitement about AI has fueled billions of dollars in investments, but questions about whether it will generate returns on those investments have grown louder in recent months.
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it → surge → months
Trump blamed Democrats for the market slump in a Truth Social post.
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Trump → blame → post
But, he has said little about Republicans’ election losses since Tuesday, instead signing a proclamation yesterday designating the Oval Office and Cabinet Room as a national monument.
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he → say → monument
Letting some air out of the AI bubble now, they say, could reduce the risk of a full-blown crash later.
uncertain
they → let → crash
Related coverage:
- Economists expect the Bureau of Labor Statistics’ October jobs report, set to be released this morning, to show 59,000 added roles, up from September’s 29,000.
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report → expect → 29,000
The unemployment rate is projected to remain at 4.2%.
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rate → project → %
Anticipation and optimism in Mississippi’s nail-biter Senate race
The Mississippi Senate race between Democrat Scott Colom and Republican incumbent Cindy Hyde-Smith remained too close to call as of yesterday afternoon.
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race → remain → afternoon
Colom held a lead of just over 1,700 votes, with only 3,600 ballots left to be counted.
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ballots → hold → votes
If Colom wins, he would not only join the ranks of Democrats who flipped long-red Senate seats, but he’d also become Mississippi’s first Black senator since Reconstruction.
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he → win → Reconstruction
From the grounds of Jackson State University to the halls of the Masonic Lodge which houses the Mississippi State Conference of the NAACP, voters feel that the state may soon reach a turning point.
uncertain
state → house → point
“Hopefully, it’s a sign of a new day, and hopefully people in Mississippi will start looking at policies and issues rather than skin color in deciding who will be their leaders and representatives,” said 75-year-old Carroll Rhodes.
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Rhodes → ’ → policies
NBC News’ Bracey Harris reports from Jackson about the mood in Mississippi.
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Harris → report → Mississippi
Colom, however, said he feels like Democrats gave up on voters in Mississippi before the elections were even underway.
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elections → say → Mississippi
“Somehow we got in this cycle where they were like, ‘Well, we can’t win, so we’re not going to try,” he said in an interview with NBC News.
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he → get → News
“First of all, that’s moral — that’s a shame, right?” he said, pointing out that Mississippians have been afflicted by healthcare cuts, tariffs and threats to voting rights.
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Mississippians → ’ → rights
More election news:
- City Council member Nithya Raman, a democratic socialist, defeated incumbent Karen Bass in the race for Los Angeles mayor.
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Raman → defeat → mayor
- Harmeet Dhillon, the Republican attorney who oversaw a massive overhaul of the DOJ’s Civil Rights Division that targeted universities and focused on culture war issues, has resigned.
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that → oversee → issues
For subscribers: How anger, especially toward Trump’s mass deportation policies, helped fuel Latino voter turnout and a historic Democratic shift in Texas.
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anger → help → Texas
Many Republicans leaned into the “culture wars” on the campaign trail.
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Republicans → lean → trail
An unlikely critic, Florida Gov. Ron DeSantis, said they were “fighting yesterday’s battle.”
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they → say → battle
Construction on Trump’s D.C. arch blocked swiftly after approval
A federal judge blocked construction of President Donald Trump’s proposed “Triumphal Arch” hours after a planning commission dominated by Trump appointees approved the project.
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commission → block → project
U.S. District Judge Tanya Chutkan granted a temporary restraining order sought by the District of Columbia and Virginia, barring the administration from taking any steps toward the project for 14 days.
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Chutkan → grant → days
The Trump administration had said it expected construction to begin immediately.
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construction → say → ?
The National Capital Planning Commission approved the controversial arch in an 8-4 vote, with all four opposing votes cast by commissioners not appointed by Trump.
asserted
votes → approve → Trump
The decision followed more than nine hours of public comments, most of which raised concerns about the arch’s impact on Arlington National Cemetery, as well as its height, scale and safety.
asserted
most → follow → Cemetery
More politics news:
- Defense Secretary Pete Hegseth struck a defiant tone following a renewed impeachment effort against him.
Staff Pick : Are we approaching a new era of Alzheimer’s prevention?
Alzheimer’s disease has historically been difficult to detect and even harder to treat.
asserted
disease → strike → prevention
But the past decade has brought remarkable progress, including blood tests that can identify proteins associated with the disease and treatments that help clear them from the brain.
asserted
that → bring → brain
Now, scientists believe they’re on the cusp of the next frontier: preventing Alzheimer’s altogether.
asserted
they → believe → Alzheimer
To shed light on these advancements, our NBC News colleague Sue Kroll opened up about her journey getting tested and treated for early signs of Alzheimer’s in her 50s.
asserted
colleague → shed → 50s
After her mother was diagnosed with the disease, Sue noticed that she was struggling to find words or speak in front of groups.
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she → diagnose → groups
…and 16 more, not listed.
The Aporia
