The Nasdaq sinks 11.9% below its October record
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What the chart shows
The Nasdaq Composite lost 1,421.52 points on Thursday and closed at 24,315.00. That left it 11.9% below the record close of 27,599.89 it set on 6 October, and a fall of 10% from a record is what the market calls a correction.
Drawn as the distance below that record, the month reads as a staircase: a fall, a partial recovery, a deeper fall. Thursday was the steepest step, and the selling was concentrated in the chipmakers.
Nothing about AI demand changed on Thursday. What changed is the price investors will pay for a buildout that local voters can now slow down, and Nvidia's next results are where that gets tested.
The story behind it
The AI trade came apart and pushed the NASDAQ Composite into a correction Read the edition →On the calendar
The US releases that move markets, in New Zealand and Australian time. Economic calendar →The numbers
How far the Nasdaq Composite closed below its previous high, each trading day from its 6 October record to Thursday, price only. A 10% fall is a correction.
| Value | Unit | As at | |
|---|---|---|---|
| Nasdaq Composite record close, 6 Oct 2026 | 27599.89 | points | 6 Oct 2026 |
| Nasdaq Composite close, 7 Oct 2026 | 27538.69 | points | 7 Oct 2026 |
| Nasdaq Composite close, 8 Oct 2026 | 27193.34 | points | 8 Oct 2026 |
| Nasdaq Composite close, 9 Oct 2026 | 27366.17 | points | 9 Oct 2026 |
| Nasdaq Composite close, 12 Oct 2026 | 27245.9 | points | 12 Oct 2026 |
| Nasdaq Composite close, 13 Oct 2026 | 27204.38 | points | 13 Oct 2026 |
| Nasdaq Composite close, 14 Oct 2026 | 26692.87 | points | 14 Oct 2026 |
| Nasdaq Composite close, 15 Oct 2026 | 26713.03 | points | 15 Oct 2026 |
| Nasdaq Composite close, 16 Oct 2026 | 26140.03 | points | 16 Oct 2026 |
| Nasdaq Composite close, 19 Oct 2026 | 26430.89 | points | 19 Oct 2026 |
| Nasdaq Composite close, 20 Oct 2026 | 26424.82 | points | 20 Oct 2026 |
| Nasdaq Composite close, 21 Oct 2026 | 26702.86 | points | 21 Oct 2026 |
| Nasdaq Composite close, 22 Oct 2026 | 26008.86 | points | 22 Oct 2026 |
| Nasdaq Composite close, 23 Oct 2026 | 25955.34 | points | 23 Oct 2026 |
| Nasdaq Composite close, 26 Oct 2026 | 26169.38 | points | 26 Oct 2026 |
| Nasdaq Composite close, 27 Oct 2026 | 26477.81 | points | 27 Oct 2026 |
| Nasdaq Composite close, 28 Oct 2026 | 26549.85 | points | 28 Oct 2026 |
| Nasdaq Composite close, 29 Oct 2026 | 26184.72 | points | 29 Oct 2026 |
| Nasdaq Composite close, 30 Oct 2026 | 25,437 | points | 30 Oct 2026 |
| Nasdaq Composite close, 2 Nov 2026 | 25164.36 | points | 2 Nov 2026 |
| Nasdaq Composite close, 3 Nov 2026 | 25372.01 | points | 3 Nov 2026 |
| Nasdaq Composite close, 4 Nov 2026 | 25736.51 | points | 4 Nov 2026 |
| Nasdaq Composite close, 5 Nov 2026 | 24,315 | points | 5 Nov 2026 |
23 rows: scroll the table for the rest.
How we make these charts: one chart a day from a story in the edition, drawn from the figures the story names and checked against the sources named on the chart before it is published. General information only, not financial advice.
