{"id":74217,"date":"2026-11-05T14:38:23","date_gmt":"2026-11-05T18:38:23","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-rout-deepens-as-midterm-results-spark-ai-regulatory-fears-goldman-names-largest-partner-class-since-2010\/74217\/"},"modified":"2026-11-05T14:38:23","modified_gmt":"2026-11-05T18:38:23","slug":"tech-rout-deepens-as-midterm-results-spark-ai-regulatory-fears-goldman-names-largest-partner-class-since-2010","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-rout-deepens-as-midterm-results-spark-ai-regulatory-fears-goldman-names-largest-partner-class-since-2010\/74217\/","title":{"rendered":"Tech Rout Deepens as Midterm Results Spark AI Regulatory Fears; Goldman Names Largest Partner Class Since 2010"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>U.S. markets plunged into correction territory<\/strong>, led by a <strong>6% crash in the Nasdaq 100<\/strong> as investors fear a Democratic sweep in the midterm elections will trigger aggressive regulation of AI data centers.<\/li>\n<li><strong>Goldman Sachs (<a href=\"\/stock\/GS\">GS<\/a>) announced 109 new partners<\/strong>, its largest biennial class in 14 years, notably omitting demographic data for the first time in several cycles.<\/li>\n<li><strong>Anthropic launched a personal finance beta<\/strong> for its Claude chatbot, allowing paid users to link bank accounts via Plaid for read-only spending analysis.<\/li>\n<li><strong>Israel\u2019s political deadlock shifted<\/strong> as President Isaac Herzog is expected to task Gadi Eisenkot with forming a government following a surge in recommendations from opposition and Arab parties.<\/li>\n<\/ul>\n<h2>Wall Street Reeling from &quot;AI Policy Shock&quot;<\/h2>\n<p>U.S. equities suffered their worst session in 18 months on Thursday as the <strong>Nasdaq 100 (<a href=\"\/stock\/NDX\">NDX<\/a>) plummeted 6%<\/strong> and the <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> (<a href=\"\/stock\/SPX\">SPX<\/a>) fell 4%<\/strong>. The selloff was ignited by the results of the U.S. midterm elections, where a Democratic sweep of both chambers of Congress fueled concerns of a &quot;kibosh&quot; on the massive AI data center buildout. Analysts suggest that new Democratic governors and federal lawmakers may move to restrict data center construction due to energy consumption and environmental concerns.<\/p>\n<p>The semiconductor sector bore the brunt of the liquidation. <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) and Broadcom (<a href=\"\/stock\/AVGO\">AVGO<\/a>) both fell roughly <strong>6%<\/strong>, while Qualcomm (<a href=\"\/stock\/QCOM\">QCOM<\/a>) plunged <strong>11%<\/strong> following a weak outlook. The <strong>VIX &quot;fear gauge&quot; surged over 65%<\/strong>, hitting its highest level in two years as the tech-heavy Nasdaq officially entered a correction, falling more than 10% from its October record high.<\/p>\n<h2>Goldman Sachs Expands Leadership Amid Regulatory Shifts<\/h2>\n<p>Goldman Sachs (<a href=\"\/stock\/GS\">GS<\/a>) elevated <strong>109 executives<\/strong> to its elite partner ranks, marking a <strong>15% increase<\/strong> from the 2024 class. This group represents the largest intake since 2010, with a record <strong>13 engineers<\/strong> and <strong>33 partners<\/strong> from the Asset &amp; Wealth Management division. The promotions, which take effect January 1, will bring the total number of partners to over 500, roughly 1% of the firm&#39;s total workforce.<\/p>\n<p>In a notable departure from recent years, the bank <strong>omitted a demographic breakdown<\/strong> of the new class. Executives cited a &quot;changed legal environment&quot; regarding diversity, equity, and inclusion (DEI) initiatives. Despite the lack of specific data, the firm noted that the total number of female partners is expected to exceed 100 for the first time in its history.<\/p>\n<h2>Anthropic Enters Personal Finance Space<\/h2>\n<p>AI startup Anthropic announced the beta rollout of a new <strong>&quot;Personal Finance&quot; feature<\/strong> for its Claude chatbot. Available to subscribers on the <strong>Pro, Max ($100\/mo), and Ultra ($200\/mo)<\/strong> plans in the U.S., the tool allows users to connect their financial accounts through <strong>Plaid<\/strong>. The feature is strictly <strong>read-only<\/strong>, meaning Claude can analyze spending patterns and balances but cannot move or invest money.<\/p>\n<p>Anthropic emphasized that the feature is ad-free and does not use personal financial conversations to train its models. This move positions Claude as a direct competitor to traditional budgeting apps, leveraging its reasoning capabilities to identify duplicate charges, rising bills, and spending trends across multiple accounts.<\/p>\n<h2>Israeli Political Landscape Shifts Toward Eisenkot<\/h2>\n<p>In Jerusalem, President Isaac Herzog is reportedly prepared to task <strong>Gadi Eisenkot<\/strong>, leader of the Yashar! party, with forming the next government. The decision follows the October 27 election, which left Prime Minister Benjamin Netanyahu\u2019s bloc short of a majority. Eisenkot has gained significant momentum after receiving recommendations from a broad coalition of opposition parties and an unprecedented endorsement from the <strong>Joint List<\/strong> and <strong>Ra&#39;am<\/strong> Arab-majority parties.<\/p>\n<p>If Eisenkot secures the mandate early next week, he will face the daunting task of uniting a fractured 120-seat Knesset. While his bloc currently holds <strong>48 seats<\/strong> compared to Netanyahu&#39;s <strong>53<\/strong>, the backing of 19 Arab party lawmakers could give him a path to a 67-seat majority. Eisenkot has publicly ruled out a power-sharing agreement with Netanyahu, citing a need to restore national unity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways U.S. markets plunged into correction territory, led by a 6% crash in the Nasdaq 100 as investors fear 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