# Nasdaq Drops More Than 5% Intraday as Wall Street Tech Selling Returns

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/50447
Published: 2026-11-07T00:20:09.000Z
Updated: 2026-11-07T00:20:09.000Z
Section: Investing

> The S&P 500 was down 3.4% at 10:56 a.m. ET on Nov. 5, as major U.S. stock indexes retreated after the prior session’s gains.

The Nasdaq Composite fell more than 5% in an intraday reading Thursday, Nov. 5, as technology shares led a renewed decline across major U.S. stock indexes.

At 10:56 a.m. ET (15:56 UTC), the S&P 500 was down 3.4% and the Nasdaq was more than 5% lower. The declines followed strong gains by the major U.S. averages in the prior session.