GO
| HSI1 | 26,241.83 | -244.07 | 209.64B |
| HSCEI1 | 9,267.56 | -88.41 | 76.99B |
| Back Zoom + Zoom - Block Traded | |
|
2025-11-05 05:07:50 Concerns excessively high valuations of leading bull market stocks, weakened by AI-related stocks, led to a broad decline in US bourse on Tuesday. The DJIA ended at 47,085, down 251 points or 0.5%; the S&P 500 sagged 80 points or 1.2%, closing at 6,771; and the Nasdaq slid 486 points or 2%, ending at 23,348. AI software company Palantir (PLTR.US) beat for its 3Q results and revised up guidance, yet its stock still tumbled about 8%. The stock has grossed gains of over 150% so far this year, indicating high market expectations for its earnings and revenue growth. Other AI-related stocks also were squeezed, with Oracle (ORCL.US) down nearly 4%, AMD (AMD.US) down about 4%, and Nvidia (NVDA.US) and Amazon (AMZN.US) experiencing various degrees of downswing. The major big techs, known as the "Magnificent Seven", slumped broadly, with Tesla (TSLA.US) leading the decline, plunging over 5%. Analysts noted that recent US stock gains concentrated on a few big techs, with weak market breadth. ~ AASTOCKS Financial News Website: www.aastocks.com | |