Stocks fall with tech shares; sterling up as BoE keeps rates unchanged
Thu November 6, 2025 5:56 PM
After yesterday’s ebullient optimism, pessimism was once again on the front burner today as traditional worries regarding stretched valuations, the shutdown, tariff uncertainties and a downtick in Q3 earnings dominated sentiment and sent all indexes straight down into major 3-digit losses. A poor Qualcomm Q3 sent that stock down 3.6% and the overall chip index down 2.4%. As expressed by today’s expert, “The market wants guidance and right now, with tariffs, the shutdown, and possibly peak AI, the future could be bleak.”
It also didn’t help that, given the lack of government data, analysts are relying on alternative private reports and today’s private labor report from Challenger, Gray, and Christmas showed 150,000 lost jobs in October, exactly opposite of what yesterday’s private payrolls numbers showed, the biggest reduction in more than 20 years. Per the CBOE, volume came in a 21.5 billion, a notch higher than the 4-week average of 21 billion.
DJ: 47,311.00 +225.76 NAS: 23,499.80
+151.16 S&P: 6,796.29
+24.74 11/5
DJ: 46,912.30 -398.70 NAS: 23,053.99
-445.80 S&P: 6,720.32
-75.97 11/6
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