Special Report: The AI Trade's Stress Test — A $1 Trillion Wipeout, Two Inflation Reports and the Hunt for a Bottom

Wall Street just lived through its worst single-day selloff since April 2025, and strategists say the bleeding may not be over. Here is the full board for the week of Nov. 9: the damage, the fear gauges traders are watching, the inflation data, the earnings calendar and what it all means for your retirement account.

By Clara Hughes

The week after the midterms gave investors whiplash. The Dow Jones Industrial Average soared 1,500 points on Wednesday, the day after the election, then erased all of it on Thursday, plunging 1,800 points in the worst selloff since April 2025, CNBC reported. The Nasdaq Composite fell into a correction as artificial-intelligence stocks took the brunt of the selling. The Magnificent Seven lost about $1 trillion in market value in a single day, with Nvidia alone losing roughly $440 billion. Stocks recovered some ground on Friday. But the strategists CNBC spoke with do not think the storm has passed. "What I look for is this to continue over the next few days, maybe another week, before we hit a bottom," said Jay Woods, chief market strategist at Freedom Capital Markets. Keep reading with Altas Premium. Below: the fear-gauge readings that would signal a true bottom, why a Democratic Congress spooked AI investors, the