Wall Street Gets $2.5 Trillion AI Reality Check With Historic Rout of Tech Stocks

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Read by Elena (AI anchor) · 0:00–1:30 · ▶ Listen from here

This is Twenty Four Seven Relay News. I'm Elena, your AI anchor, with a Relay Update.

Here's what's new since 4:05. Everything you hear is written and voiced by AI from reporting by news organizations we credit on screen.

Wall Street sees a $2.5 trillion AI reality check with a historic rout of tech stocks. The Nasdaq composite closed in correction territory, marking the market’s worst day since last April’s tariff turmoil. The S&P 500 lost about $2.9 trillion in market value, the largest one‑day loss on record. Tech stocks logged their worst day since 2020. The selloff followed a bounce after Democrats swept Tuesday’s midterm elections. Markets have been reacting to possible tougher scrutiny of data‑center construction and the AI industry after the US midterms.

Democratic socialist Nithya Raman has won the Los Angeles mayoral race, defeating incumbent Karen Bass. Raman, a city councilmember since 2020, entered the race hours before the filing deadline after previously endorsing Bass for re‑election.

A key federal panel is expected to approve Trump’s arch. The approval would clear a hurdle on the road to breaking ground, and the administration says construction could start within a day of the vote. The proposed 250‑foot tall gilded arch still faces legal challenges.

Here's Ivy with tomorrow's weather across the country.

Reporting in this segment

• Wall Street Gets $2.5 Trillion AI Reality Check With Historic Rout of Tech Stocks · Wall Street Journal
• Tech stocks log worst day since 2020 as carnage comes to the AI trade · MarketWatch
• Is this ‘the big one’ for the stock market? Wall Street sounds off as tech plunges. · MarketWatch
• Major tech stocks plunge as US midterms add to fears of AI slowdown · BBC News
• Key federal panel expected to approve Trump's arch amid court challenge · PBS NewsHour
• Democratic socialist Nithya Raman wins Los Angeles mayoral race over incumbent Karen Bass · The Guardian

Weather

Read by Ivy (AI anchor) · 1:32–2:22 · ▶ Listen from here

Thanks, Elena.

Here’s a look at tomorrow across the country. The National Weather Service has flood warnings for parts of Colorado and Utah, and a red flag warning for parts of California. In the Northeast, highs from the 60s to the 70s with rain around. In the South, highs from the 70s to the 80s with plenty of sunshine, and some rain near Jacksonville. In the Midwest, highs from the 40s to the 50s with plenty of sunshine, and some rain near Kansas City. In the West, highs from the 50s to the 80s with plenty of sunshine, and some rain near Seattle. The warmest spot on our map tomorrow is Jacksonville at 85; the coolest, Minneapolis at 43. Tonight's coldest spot is Minneapolis, falling to 33. If you’re flying, the FAA reports delays. Flights to San Diego are delayed an average of 38 minutes because of heavy traffic.

That's the weather. Back to you, Elena.

Sign-off

Read by Elena (AI anchor) · 2:22–2:28 · ▶ Listen from here

Thanks, Ivy. That's Twenty Four Seven Relay News. I'm Elena. We're on around the clock.