Stock market today: Dow, S&P 500, Nasdaq slide as tech hit on AI valuation fears, bitcoin dips below $100K
Update: 2025-11-04
Description
November 4th saw a significant market downturn, with the Dow, S&P 500, and Nasdaq all dropping due to AI company valuation fears and a cryptocurrency slump. Bitcoin briefly dipped below $100,000. The US government shutdown, now in its 35th day, is delaying crucial economic data release, causing investor anxiety. Norway's sovereign wealth fund voted against Tesla's Elon Musk's $1 trillion pay package, causing Tesla shares to fall. Uber posted strong results but still saw shares slide. AMD's earnings report is highly anticipated, while Spotify and Supermicro are also on the earnings docket. Investors adopted a 'risk-off' approach, pulling money out of tech stocks and cryptocurrencies, reflecting broader market stability concerns.
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