The RealReal and Shutterstock Shares Plummet, What You Need To Know
Update: 2025-11-04
Description
November 4th marked a significant downturn in the stock market, particularly for tech companies, following a period of substantial gains driven by AI enthusiasm. Investors adopted a more cautious stance, leading to a wave of profit-taking. The Nasdaq index dropped by 1.4%, impacting high-growth tech companies like Palantir Technologies, which saw its shares fall by 7% despite strong results. Goldman Sachs and Morgan Stanley leadership hinted at a potential market correction over the next couple of years, viewing the cooling-off as a necessary part of a long-term bull market. Online marketplace companies like The RealReal and Shutterstock also experienced declines, reflecting the broader market's cautious mood.
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