Closing Bell Report, Negative Market Sentiment Triggered by AI Valuations
MarketsFN Team
•1 min read
U.S. markets closed sharply lower Thursday, hammered by renewed pressure on AI stocks amid lofty valuations and uneven earnings. The Dow plunged nearly 400 points, while the Nasdaq’s 1.9% drop marked its worst week since April, driven by declines in Nvidia, AMD, and Palantir. October’s 153,000+ job cuts—the highest since 2003—stoked labor market fears, amplified by the ongoing government shutdown curbing data flows. Supreme Court skepticism on Trump tariffs added volatility risks.
US Majors
| Index | Close | Change | % Change |
|---|---|---|---|
| Dow Jones | 46,912.30 | -398.70 | -0.84% |
| S&P 500 | 6,720.32 | -76.00 | -1.12% |
| Nasdaq Composite | 23,053.99 | -447.00 | -1.90% |
Global Snapshot
Europe mixed: FTSE 100 flat post-BoE hold at 4% (5-4 vote signals gradual easing if disinflation holds); DAX/CAC down ~1% on soft retail sales. Nikkei rebounded modestly in Asia amid U.S. cues.
Commodities & Crypto
- Oil (WTI): ~$70/bbl, stable.
- Gold: Below $4,000/oz, off 5%+ from Oct record; retail buying plateaus.
- Bitcoin: Dipped below $100k on risk-off flows.
Bonds & FX
- 10Y Treasury: Yields ~4.3%, down 5bps on layoff data boosting Fed cut odds (90%+ for Dec).
- GBP/USD: Steady post-BoE; USD firmed vs. majors.
