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Losses for Big Tech pull Wall Street lower
- On Nov. 3, 2025, stocks fell on Wall Street, pulled down by losses in big tech companies that had driven this year’s rally, spreading losses across the S&P 500.
- A flood of multibillion-dollar AI investment has driven tech valuations this year, boosted by OpenAI’s $38 billion deal with Amazon's AWS and Microsoft contracts involving Nvidia.
- Nvidia reversed course with a loss of 4%, while Palantir Technologies, which had more than doubled this year, slumped despite beating forecasts; their huge market values influenced broader sentiment.
- The S&P 500 slid 1.2% Tuesday, the technology-heavy Nasdaq composite sank 1.9%, and the Dow Jones Industrial Average lost 0.5% amid the broad pullback.
- Fed officials cautioned that further cuts aren't guaranteed despite Wall Street forecasters pricing a 70% chance of a December cut, while Ipek Ozkardeskaya noted some skepticism over deal circularity and rising talk of a correction.
Insights by Ground AI
133 Articles
133 Articles
Massive investments by technology companies in artificial intelligence have recently driven stock prices to high levels in the US, among others. Now the euphoria deviates from the insight that the boom also brings risks.
InsideNoVA.com+11 Reposted by 11 other sources
Asian markets slip as traders eye tech rally, US rate outlook
Asian markets fell Tuesday as investors assessed the latest tech rally on Wall Street amid worries a bubble is forming in the sector, while mixed signals from Federal Reserve officials fed uncertainty over its next interest rate move.
The dwindling outlook for a fall in interest rates in the US is becoming a burden for the markets. In the DAX, the 24,000-point mark remains a heavy hurdle - initially it is expected to go down.
·Hamburg, Germany
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Coverage Details
Total News Sources133
Leaning Left29Leaning Right16Center46Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 32%
C 50%
R 18%
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