Stocks dropped on Thursday, erasing the gains that were seen following the midterm elections.
The Dow Jones Industrial Average fell 1,728 points, or 3.2%, CNBC reported.
The Nasdaq Composite declined 5.2% and traded 10% below a record set last month. The S&P 500 was down 4.1%, nearing its worst day since April 2025.
Stocks related to the artificial intelligence trade slid for the second day, as fears of Democratic anti-AI policy weighed on investors.
The Dow climbed 1,500 points on Wednesday, which was its best day since April 2025 after the uncertainty of the elections lifted. The S&P 500 and Nasdaq also saw gains.
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