U.S. stocks closed sharply lower, with the three major indexes experiencing their biggest single-day drop since April 2025.

U.S. stocks fell sharply on Thursday, with the Nasdaq closing down 5.52%, the S&P 500 down 4.36%, and the Dow Jones down 3.44%. Investors accelerated their withdrawal from technology stocks due to concerns about a slowdown in data center construction. Vermont Senator Bernie Sanders called for a nationwide halt to data center construction, saying the American people do not want to see large tech oligarchs destroy the environment and cut jobs. Orion Chief Investment Officer Tim Holland stated that investors are choosing to wait and see until they can more clearly assess the impact of the election results on the AI capital expenditure cycle. The key lies in the subsequent tone and stance of the parties that achieved significant gains at the federal and state levels.