Overview
- The Dow Jones Industrial Average fell 498.50 points to 46,091.74 after briefly approaching a 700-point intraday decline.
- The Nasdaq Composite lost 275.22 points to close at 22,432.85, reflecting broad weakness in high-tech shares.
- Selling concentrated in major AI-exposed names, with NVIDIA down 2.8%, Microsoft off 2.7% and Amazon.com lower by 4.4%.
- Investors held back ahead of NVIDIA’s earnings due Nov. 19 and a delayed September U.S. jobs report scheduled for Nov. 20.
- The pullback marked a fourth consecutive daily decline as traders reassessed AI-driven growth narratives and trimmed risk.