Overview
- U.S. indexes fell again on Tuesday, with the Dow down 1.07%, the S&P 500 off 0.82% and the Nasdaq lower by 1.21%, marking a fourth straight decline for the Dow and S&P 500.
- Nvidia dropped about 2.8% ahead of its report due after today’s close, as sales by Peter Thiel’s fund and earlier by SoftBank fed skepticism about the AI trade.
- Other Big Tech names slumped, with Amazon down about 4% and Microsoft off roughly 2.7%, while a VIX jump signaled elevated market stress.
- Home Depot sank around 6% after missing third‑quarter estimates and cutting its full‑year outlook, adding to pressure from weak retail signals.
- Risk aversion broadened globally as Japanese equities fell more than 3% alongside a jump in long‑term yields and a weaker yen, crypto slid with Bitcoin dipping below $90,000, and traders awaited the delayed U.S. September jobs report and Fed minutes.