AI Excitement, Consumer Gloom: Market Mixed
Update: 2025-11-08
Description
US stocks had a mixed day as investors balanced new economic data with AI excitement. The Nasdaq Composite dipped, while the S&P 500 and Dow Jones Industrial Average remained mostly flat. Consumer sentiment plummeted to a six-year low, with people feeling less optimistic about their finances and business conditions. October saw the highest job cuts in over two decades, hinting at a potential worst year for layoffs since 2009. Tesla approved a $1 trillion pay package for Elon Musk, but shares fell. Investors await positive developments like an end to the government shutdown, a potential interest rate cut, and Nvidias earnings report, while a Supreme Court review of former President Trumps tariff policies adds uncertainty.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
