Stock market today: Dow, S&P 500, Nasdaq slide amid worries over frothy valuations
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Diverging Reports Breakdown
Stock market today: Dow, S&P 500, Nasdaq slide amid worries over frothy valuations
The tech-heavy Nasdaq Composite (^IXIC) led losses, sliding nearly 2%. The benchmark S&P 500 (^GSPC) lost about 1.2%, while the Dow Jones Industrial Average (^DJI) dipped by about 0.7%.Cryptocurrencies tumbled as bitcoin (BTC-USD) fell more than 6%, briefly falling below $100,000.
The tech-heavy Nasdaq Composite (^IXIC) led losses, sliding nearly 2%. The benchmark S&P 500 (^GSPC) lost about 1.2%, while the Dow Jones Industrial Average (^DJI) dipped by about 0.7%.
Cryptocurrencies tumbled as bitcoin (BTC-USD) fell more than 6%, briefly falling below $100,000, with strategists citing concerns over waning liquidity amid the ongoing government shutdown.
Wall Street is growing nervous that companies aren’t performing well enough to justify their high-riding market valuations, prompting big bank CEOs to flag a likely correction ahead. Palantir (PLTR) shares dropped more than 7% despite solid quarterly results as analysts questioned the stock’s lofty price-to-earnings ratio. Skepticism is now seeping in about the staying power of this year’s tech-driven rally, even as earnings come in strong.
Before the bell, Uber (UBER) posted strong results, but shares slipped in a sign investors wanted more. Eyes are now on chipmaker AMD’s (AMD) report after market close, with focus on its massive AI deals. Spotify (SPOT) and SuperMicro (SMCI) are also on the docket.
Meanwhile, Norway’s sovereign wealth fund said it will vote against approving Tesla (TSLA) CEO Elon Musk’s $1 trillion pay package, marking critical opposition by one of the EV maker’s biggest stakeholders. Shares fell over 3%.
Investors are also keeping their eyes on potential developments in Washington, as the US government shutdown enters its 35th day to equal the record for the longest in history. The stoppage continues to delay the release of key economic data crucial to the Federal Reserve and Wall Street, including the jobs report slated for release this week.
LIVE
21 updates
Stock market today: Dow, S&P 500, Nasdaq slide amid worries over frothy valuations
The tech-heavy Nasdaq Composite (^IXIC) led losses, sliding nearly 2%. The benchmark S&P 500 (^GSPC) lost about 1.2%, while the Dow Jones Industrial Average (^DJI) dipped by about 0.7%.Cryptocurrencies tumbled as bitcoin (BTC-USD) fell more than 6%, briefly falling below $100,000.
The tech-heavy Nasdaq Composite (^IXIC) led losses, sliding nearly 2%. The benchmark S&P 500 (^GSPC) lost about 1.2%, while the Dow Jones Industrial Average (^DJI) dipped by about 0.7%.
Cryptocurrencies tumbled as bitcoin (BTC-USD) fell more than 6%, briefly falling below $100,000, with strategists citing concerns over waning liquidity amid the ongoing government shutdown.
Wall Street is growing nervous that companies aren’t performing well enough to justify their high-riding market valuations, prompting big bank CEOs to flag a likely correction ahead. Palantir (PLTR) shares dropped more than 7% despite solid quarterly results as analysts questioned the stock’s lofty price-to-earnings ratio. Skepticism is now seeping in about the staying power of this year’s tech-driven rally, even as earnings come in strong.
Before the bell, Uber (UBER) posted strong results, but shares slipped in a sign investors wanted more. Eyes are now on chipmaker AMD’s (AMD) report after market close, with focus on its massive AI deals. Spotify (SPOT) and SuperMicro (SMCI) are also on the docket.
Meanwhile, Norway’s sovereign wealth fund said it will vote against approving Tesla (TSLA) CEO Elon Musk’s $1 trillion pay package, marking critical opposition by one of the EV maker’s biggest stakeholders. Shares fell over 3%.
Investors are also keeping their eyes on potential developments in Washington, as the US government shutdown enters its 35th day to equal the record for the longest in history. The stoppage continues to delay the release of key economic data crucial to the Federal Reserve and Wall Street, including the jobs report slated for release this week.
LIVE
21 updates
Stock market today: Dow, S&P 500, Nasdaq slide amid worries over frothy valuations
The tech-heavy Nasdaq Composite (^IXIC) led losses, sliding nearly 2%. The benchmark S&P 500 (^GSPC) lost about 1.2%, while the Dow Jones Industrial Average (^DJI) dipped by about 0.7%.Cryptocurrencies tumbled as bitcoin (BTC-USD) fell more than 6%, briefly falling below $100,000.
The tech-heavy Nasdaq Composite (^IXIC) led losses, sliding nearly 2%. The benchmark S&P 500 (^GSPC) lost about 1.2%, while the Dow Jones Industrial Average (^DJI) dipped by about 0.7%.
Cryptocurrencies tumbled as bitcoin (BTC-USD) fell more than 6%, briefly falling below $100,000, with strategists citing concerns over waning liquidity amid the ongoing government shutdown.
Wall Street is growing nervous that companies aren’t performing well enough to justify their high-riding market valuations, prompting big bank CEOs to flag a likely correction ahead. Palantir (PLTR) shares dropped more than 7% despite solid quarterly results as analysts questioned the stock’s lofty price-to-earnings ratio. Skepticism is now seeping in about the staying power of this year’s tech-driven rally, even as earnings come in strong.
Before the bell, Uber (UBER) posted strong results, but shares slipped in a sign investors wanted more. Eyes are now on chipmaker AMD’s (AMD) report after market close, with focus on its massive AI deals. Spotify (SPOT) and SuperMicro (SMCI) are also on the docket.
Meanwhile, Norway’s sovereign wealth fund said it will vote against approving Tesla (TSLA) CEO Elon Musk’s $1 trillion pay package, marking critical opposition by one of the EV maker’s biggest stakeholders. Shares fell over 3%.
Investors are also keeping their eyes on potential developments in Washington, as the US government shutdown enters its 35th day to equal the record for the longest in history. The stoppage continues to delay the release of key economic data crucial to the Federal Reserve and Wall Street, including the jobs report slated for release this week.
LIVE
21 updates