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Business & Finance

Fast-Money Systematic Funds Stoked $2.3 Trillion Tech-Stock Rout

Bloomberg Markets Friday 06 November 2026, 10:30 UTC By Natalia Kniazhevich 1 min read
Key Points

Fast-Money Systematic Funds Stoked $2.3 Trillion Tech-Stock Rout As investors rushed out of US technology stocks on Thursday, selling by trend-following systematic strategies amplified what quickly became a record plunge by market value in the Nasdaq 100 index. The tech benchmark sank 6.4%, erasing $2.3 trillion in market value, the most ever in a single day. Concerns that a Democratic sweep could mean tighter regulation of the AI buildout, crimping growth for chipmakers and data-center...

Fast-Money Systematic Funds Stoked $2.3 Trillion Tech-Stock Rout As investors rushed out of US technology stocks on Thursday, selling by trend-following systematic strategies amplified what quickly became a record plunge by market value in the Nasdaq 100 index. The tech benchmark sank 6.4%, erasing $2.3 trillion in market value, the most ever in a single day. Concerns that a Democratic sweep could mean tighter regulation of the AI buildout, crimping growth for chipmakers and data-center suppliers at the heart of the equity market’s bullish run, drove the move.
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Originally published by Bloomberg Markets Read original →

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