The S&P 500 Index has recorded its longest consecutive decline since August, with the Nasdaq falling over 1% for the entire day, led by Amazon which dropped over 4%

AASTOCKS
2025.11.18 21:22

Market concerns about the overvaluation of artificial intelligence-related stocks led to a continued decline in technology stocks on Tuesday. Additionally, the price of Bitcoin fell below $95,000, indicating a decrease in investors' risk tolerance, causing U.S. stocks to drop again. The Nasdaq Composite Index led the decline, closing down 275 points, or 1.2%, at 22,432 points; the Dow Jones Industrial Average fell 498 points, or 1.1%, to 46,091 points; and the S&P 500 Index dropped 55 points, or 0.8%, to 6,617 points, marking its fourth consecutive day of decline, the longest losing streak since August.

Among the "Magnificent Seven," Amazon (AMZN.US) led the decline, falling 4.4% for the day, while AI leader NVIDIA (NVDA.US) dropped 2.8%. Microsoft (MSFT.US) fell 2.7%. Alphabet (GOOG.US) CEO Sundar Pichai warned that there are some irrational phenomena in the current AI market, and if a bubble bursts, all companies may be affected; the stock slightly decreased by 0.2%.

Outside the tech sector, home improvement company Home Depot (HD.US) saw its stock price drop 6% after reporting last quarter's earnings below market expectations and lowering its full-year performance forecast

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