Economy

Global stocks tumble as AI panic grips markets; US adds 165,000 new jobs in October – business live

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 06/11/2026, 13:50:26 UTC.

Briefings

Global stock markets experienced a sharp decline following a Wall Street rout, with European and Asia-Pacific indices sliding despite most major indices remaining up for the year. The Nasdaq Composite index is still up 4.6% since January's start, even though it is more than 10% below its peak. The US jobs report added 165,000 new positions in October, exceeding expectations. Market sentiment is heavily influenced by fears that data center expansion will slow spending, which could undermine the current boom.

Key points

• European and Asia-Pacific markets slid after Wall Street's sharp decline, causing sentiment to worsen across the globe.
• The Nasdaq Composite index is up 4.6% since January, remaining over 10% below its peak despite the recent sell-off.

Context

This article reports on a recent market downturn where global indices fell after Wall Street's rout, with the US adding 165,000 new jobs in October. The findings highlight the tension between strong employment data and investor fears regarding data center spending, which could impact the current economic boom.

Limitations

Evidence covers only the immediate market reaction and US jobs report; it does not provide historical context or future projections. The Nasdaq's 4.6% gain since January is a snapshot of recent performance, not long-term trends.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 06/11/2026, 13:58:26 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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