Stock Market News

Sharp AI-stock losses and fading odds of a December Fed rate cut drove a steep Thursday sell-off: S&P 500 −1.7%, Nasdaq −2.3%, Dow −797 pts. By Friday markets stabilized modestly, but investor focus remains on AI valuations, Fed guidance and missing economic data.

A week of extremes for U.S. indices: the Dow logged record highs only to reverse sharply after government reopening and tech sell-offs led by Nvidia-related moves. Here’s what happened, why it matters, and how investors might respond.

A sharp pullback in AI-heavy tech stocks, led by valuation concerns and renewed doubt about a December Fed rate cut, drove a broad decline across the S&P 500, Dow and Nasdaq. Investors rotated into defensive and cyclical names while futures signaled a tentative rebound.

Dow closes at a record as AMD jumps after Analyst Day and airline stocks rally on shutdown-resolution hopes; Nasdaq lags while Palantir trims gains.

Stocks diverged as the Dow closed at a record high amid hopes the federal shutdown will end, while tech names felt pressure after SoftBank sold its Nvidia stake and CoreWeave trimmed guidance. Rivian impressed with stronger-than-expected Q3 revenue, and iron-ore supply prospects from Simandou warrant watching.

Dow logged a record gain as investors rotated into defensive Dow names while tech cooled after SoftBank sold its Nvidia stake. S&P rose modestly, Nasdaq slipped, and company-specific news—from Viatris to FedEx—drove big stock moves. Here’s what happened, why it matters, and what to watch next.