We are making history bois!

"Wall Street's midterm celebration lasted one day. Chip stocks are getting taken to the woodshed Thursday, and the Dow Jones Industrial Average ( ^DJI ) is heading for its worst second session after a midterm election in data going back to its start in 1896.

It took the Nasdaq Composite ( ^IXIC ) six minutes to erase its entire post-election rally. Then the selling got worse.

The tech-heavy index is down more than 5% in late-morning trading, and the S&P 500 ( ^GSPC ) is off more than 3%. Both are on pace for their worst day since the April 2025 tariff crash.

Investors bought stocks Wednesday after Democrats won control of both chambers of Congress , helped by falling oil prices and lower Treasury yields. Now the focus is on what a Democratic Congress could mean for the AI build-out, and in particular for the data centers driving it .

The S&P 500 is on pace for its worst second day after a midterm in data going back nearly a century.…