Markets today, November 5, 2026: chip selloff drags stocks and bitcoin down

Stocks. U.S. stocks closed sharply lower on Thursday. The S&P 500 fell about 4.4% to 7,353.73, the Dow lost 3.4% (more than 1,800 points) and the Nasdaq Composite dropped 5.5% to 24,315, closing in correction territory, which means more than 10% below a recent high. The Philadelphia semiconductor index fell about 12%. Nvidia lost 9.3% and closed at $181.60, nearly 25% below its October 6 record close. Yahoo Finance links the selloff to worries that a Democratic Congress could slow the AI data center buildout, and to funds locking in 2026 gains. Our story: https://freekonomist.com/en/news/nvidia-stock-below-200-chip-selloff-nasdaq-2026-11-05/

Crypto. Bitcoin traded near $80,500 in the Asian morning after the post-election rally (CoinDesk, 05:13 UTC). It turned lower when U.S. stocks opened and touched $75,463, its lowest since September 16 (Cointelegraph). In our data bitcoin was near $76,190 at 21:00 UTC, down 4.8% in 24 hours, and ether was near $2,247, down about 7%. Around $1.09 billion of leveraged positions were liquidated in 24 hours, about 88% of them longs. CoinDesk calls it the biggest wipeout since at least October 28 and 29. FalconX said Wednesday's rally leaned heavily on short-covering. Our story about bitcoin above $80,000 describes the morning level: https://freekonomist.com/en/news/bitcoin-price-today-rebounds-above-80000-after-us-midterms-2026-11-05/ . Also today Greece approved a 10% tax on crypto gains, with the first 500 euros a year exempt: https://freekonomist.com/en/news/greece-crypto-capital-gains-tax-10-percent-parliament-2026-11-05/

Commodities and currencies. Brent settled up $3.67, or 3.9%, at $98.29 and WTI up $2.40, or 2.7%, at $90.52 after new attacks on tankers. UKMTO counts at least five vessels with incidents since Sunday. It reversed Wednesday, when both fell more than 8% to their lowest settlements since August 31. Gold rose 0.5% to 1% to about $4,100 an ounce, depending on whether you read futures or spot, as the dollar steadied and Treasury yields dipped. Mexico's central bank surprised markets with a cut to 6.25%, when a Reuters poll expected a hold at 6.50%: https://freekonomist.com/en/news/banxico-cuts-rate-to-6-25-percent-surprise-2026-11-05/

Tomorrow. Friday, November 6, brings the U.S. jobs report (non-farm payrolls) at 13:30 UTC. Forex Factory shows a forecast of +65,000 jobs against +29,000 before, unemployment at 4.2% and average hourly earnings up 0.3% against 0.1%. Canada's jobs report is also at 13:30 UTC (forecast +14,600). Bank of Japan Governor Ueda speaks at 16:00 UTC, and New Zealand's parliamentary election is at 21:45 UTC.

Where to look. Bitcoin price and liquidations: https://freekonomist.com/en/crypto/btc/ . Gold: https://freekonomist.com/en/commodities/gold/ . U.S. macro data: https://freekonomist.com/en/macro/ . What well-known traders think: https://freekonomist.com/en/crowd/ . Token unlocks: https://freekonomist.com/en/unlocks/ . Our crypto Fear & Greed reading is 50, neutral. This is an overview, not advice.

Fatos confirmados

• On November 5, 2026 the S&P 500 closed down about 4.4% at 7,353.73, the Dow down 3.4% (more than 1,800 points) and the Nasdaq Composite down 5.5% at 24,315.^[1]
• The PHLX Semiconductor index fell about 12% on November 5.^[1]
• Nvidia fell 9.3% to $181.60, nearly 25% below its October 6 record close.^[2]
• Yahoo Finance linked the selloff to worries that a Democratic Congress could slow the AI data center buildout, and to hedge funds locking in 2026 gains.^[1][2]
• Bitcoin traded around $80,484 in Asian morning hours on November 5, up 5.7% over 24 hours.^[5]
• Bitcoin fell to $75,463 at the Wall Street open, its lowest since September 16.^[3]
• At 20:57 UTC bitcoin was about $76,190 (down 4.8% in 24 hours) and ether about $2,247 (down about 7%).^[11]
• About $1.09 billion of crypto derivatives positions were liquidated in 24 hours, about 88% of them longs; CoinDesk calls it the largest wipeout since at least October 28 and 29.^[4][11]
• FalconX's Joshua Lim said Wednesday's relief rally was driven by a lot of short-covering.^[4]
• Greece's parliament approved a 10% capital gains tax on crypto, with gains of up to 500 euros a year exempt.^[8]
• Brent settled up $3.67, or 3.88%, at $98.29 and WTI up $2.40, or 2.72%, at $90.52 after new tanker attacks.^[6]
• At least five vessels reported incidents since Sunday, according to UKMTO; on Wednesday both benchmarks fell more than 8% to their lowest settlements since August 31.^[6]
• Spot gold was up 1.1% at $4,107.66 at 14:54 GMT as the dollar steadied and Treasury yields dipped; Yahoo Finance showed gold at $4,094.70, up 0.5%, after the U.S. close.^[1][7]
• Banxico cut its rate by 25 basis points to 6.25%, when a Reuters poll expected a hold at 6.50%.^[9]
• On Friday, November 6, U.S. non-farm payrolls are due at 13:30 UTC (forecast +65K, previous +29K; unemployment 4.2%; average hourly earnings +0.3% m/m), Canada's jobs report at 13:30 UTC, BoJ Governor Ueda at 16:00 UTC and the New Zealand election at 21:45 UTC.^[10]
• Freekonomist's crypto Fear & Greed reading was 50 (neutral).^[11]

Implicações

• ConfirmadoU.S. stocks, bitcoin and oil all reversed Wednesday's post-election moves on Thursday.
• Nossa leituraCrypto traded with tech stocks today rather than on its own news. This is our view.
• Nossa leituraFriday's jobs report can move all three markets again. This is our view, not a forecast.

Ainda não se sabe

• Whether the chip selloff continues
• Whether oil holds its gains as tanker attacks go on
• What the U.S. jobs report shows on Friday

Quem é afetado

United States, World. People who follow stocks, crypto and oil and want one clear picture of the day

Fontes

1. Yahoo Finance: Stock market today: Dow plunges 1,800 points, Nasdaq enters correction in AI trade meltdown 5 de novembro de 2026 · mídia
2. Yahoo Finance: Nvidia has lost nearly $1.4 trillion since its October record 5 de novembro de 2026 · mídia
3. Cointelegraph: Bitcoin crashes 6% to 7-week low as US stocks erase election gains 5 de novembro de 2026 · mídia
4. CoinDesk: Bitcoin, crypto stocks caught in AI trade meltdown, but Wintermute trader sees 'glass half full' 5 de novembro de 2026 · mídia
5. CoinDesk: Bitcoin holds above $80,000 as Zcash jumps 12% in post-election crypto rebound 5 de novembro de 2026 · mídia
6. Investing.com (Reuters): Brent crude jumps, settles up over $3 after tanker attacks 5 de novembro de 2026 · mídia
7. Investing.com: Gold extends rally above $4,100 as dollar, Treasury yields fall after US vote 5 de novembro de 2026 · mídia
8. Reuters: Greek parliament approves 10% tax on cryptocurrency gains 5 de novembro de 2026 · mídia
9. Infobae (Reuters): Banxico sorprende al mercado y baja tasa de interés a un 6.25% 5 de novembro de 2026 · mídia
10. Forex Factory: Economic calendar, week of November 1, 2026 (High impact events) · mídia
11. Freekonomist: Freekonomist market data, November 5, 2026 20:57 UTC 5 de novembro de 2026 · oficial