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Investment Daily: US stocks fell sharply amid a tech selloff

6 November 2026

Key takeaways

  • US stocks and Treasury yields fell.
  • European stocks and government bonds mixed.
  • Asian stocks were mixed.

Markets

US stocks fell sharply on Thursday, as a selloff in AI stocks spilled over to the rest of the market. The S&P 500 fell 4.4%.

US Treasuries rose as tech stock selloff drove demand for haven assets. 10-year yields fell 6bp to 4.83%.

European stocks were mixed on Thursday as investors remained concerned about the prospects for AI. The Euro Stoxx 50 closed 0.5% lower. The German DAX fell 0.4% while the French CAC gained 0.3%. In the UK, the FTSE 100 fell 0.4%.

European government bonds were mixed. 10-year German bund yields fell 3bp to 3.24%, and 10-year French bond yields edged up 1bp to 4.78%. In the UK, 10-year gilt yields ended little changed at 5.13%.

Asian stock markets traded mixed on Thursday, with semiconductor-heavy indices leading losses. Japan’s Nikkei 225 lost 1.8%, while South Korea’s Kospi dropped 5.3%. China’s Shanghai Composite edged up 0.1%, and Hong Kong’s Hang Seng rallied 3.7%, supported by strength in tech shares. India’s Sensex gained 2.6% amid lower oil prices.

Crude oil prices rebounded on Thursday from a sharp selloff in the previous session. WTI for December delivery settled 2.7% higher at USD90.5 a barrel.

Key Data Releases and Events

Releases yesterday

The Bank of England raised its policy rate by 25bp to 4.00%, as widely expected. Further increases are likely in the near-term given the ongoing geopolitical tensions in the Middle East.

Releases due today (6 November 2026)

US non-farm payrolls likely increased in October as recent employment data pointed to steady job creation, supporting the narrative of continued labour market resilience.

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