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The U.S. midterm elections have exerted pressure on financial markets, following the Democrats' shift to control the Senate.
The U.S. stock market faced a heavy sell-off in AI and technology shares on Friday, October 30, with the Nasdaq Composite falling 2.86%—its sharpest decline since June.
The U.S. stock market closed lower, with the Dow Jones down 0.85% week-on-week, the S&P 500 down 0.57%, and the Nasdaq down 2.00%, despite a recovery in AI and semiconductor stocks earlier in the week.
