A trader works during the Evommune Inc. archetypal nationalist offering (IPO) astatine the New York Stock Exchange (NYSE) successful New York, US, connected Thursday, Nov. 6, 2025.
Michael Nagle| Bloomberg | Getty Images
Stocks moved little Friday arsenic tech continued to struggled, putting the large averages connected gait for a losing week.
The S&P 500 mislaid 0.7%, portion the Nasdaq Composite shed 1.3%. The Dow Jones Industrial Average dropped 69 points, oregon 0.2%.
Nvidia shares were down 3%, putting their play losses astatine 10%. Fellow starring artificial quality player Oracle fell 3% and was connected way for 10% diminution connected the week arsenic well. Palantir Technologies, down 14% connected the week, and Broadcom, disconnected by 6% this week, were besides lower.
Key AI leaders mislaid steam connected Thursday, with Nvidia, Advanced Micro Devices, Tesla and Microsoft posting important declines that weighed connected the broader market. The driblet successful stocks was besides exacerbated by information reflecting job cuts for October deed the highest level for the month successful much than 2 decades, making 2025 the worst twelvemonth for layoffs since 2009.
Major U.S. banal averages closed little crossed the committee successful the erstwhile session, with the tech-heavy Nasdaq Composite notably dropping 1.9% and the 30-stock Dow closing little by astir 400 points.
The 3 benchmark indices are each successful the reddish this week, with losses accumulating on-and-off since Tuesday erstwhile large AI names declined connected fears astir elevated tech assemblage valuations — which person besides contributed to a highly concentrated market. The S&P 500 is down much than 2% week to date, portion the 30-stock Dow Jones Industrial Average and Nasdaq person mislaid much than 1% and astir 4% during the period, respectively.
To beryllium sure, immoderate marketplace participants stay hopeful that an extremity to the lengthy U.S. authorities shutdown and a imaginable December involvement complaint chopped from the Federal Reserve could alleviate the symptom successful U.S. stocks. Investors are besides monitoring the Supreme Court's skepticism about the legality of President Donald Trump's far-reaching tariffs and however third-quarter firm net results are progressing.
"There's inactive anticipation for a year-end rally once the authorities shutdown ends and the tariff concern is resolved. We are inactive 2 weeks from the very important Nvidia earnings, and spot determination mightiness beryllium the catalyst to reaffirm the AI narrative. If that is followed by a December Fed cut, we whitethorn inactive spell retired connected a precocious astatine year's end," Louis Navellier, laminitis and main concern serviceman astatine Navellier & Associates, said. "Corrections with these levels of gains are mean and to beryllium expected, not thing to panic over."
Concerns among investors astir the spot of the U.S. system came into presumption this week. A survey from the University of Michigan revealed Friday that user sentiment has neared its lowest level ever. The information comes conscionable a time aft steadfast Challenger, Gray & Christmas reported that layoff announcements successful October reached their highest level for the period successful 22 years.
Because of the record-breaking authorities shutdown, investors person been getting little connected the economical information front. The Bureau of Labor Statistics usually would merchandise the nonfarm payrolls study Friday. For the 2nd period successful a row, however, it is incapable to bash truthful due to the fact that of the stoppage. Economists surveyed by Dow Jones had been expecting the study to amusement a diminution of 60,000 jobs and an summation successful the unemployment complaint to 4.5%.
The Senate is expected to ballot Friday connected advancing a House-passed stopgap backing measure. The longest-ever national backing lapse has caused large formation disruptions arsenic aerial postulation controllers, who person been working without pay during the ongoing shutdown, look staffing shortages. Transportation Secretary Sean Duffy said Wednesday that helium volition beryllium cutting flights by 10% astatine 40 large airports starting Friday, a determination that could impact 3,500 to 4,000 flights daily. As of Friday morning, much than 700 U.S. flights had already been canceled.
Consumer sentiment nears lowest level ever, a University of Michigan survey shows
Worries implicit the authorities shutdown surged successful the aboriginal portion of November, pushing user sentiment In to its lowest successful much than 3 years and conscionable disconnected its worst level ever, according to a University of Michigan survey released Friday.
The university's monthly Index of Consumer Sentiment posted a speechmaking of 50.3 for the month, indicating a diminution of 6.2% connected the period and astir 30% from a twelvemonth ago. Economists surveyed by Dow Jones had been looking for 53.0 aft October's 53.6. Sentiment was past this debased successful June 2022 arsenic ostentation hovered astir its highest level successful 40 years. Read more.
— Jeff Cox
Here’s what Friday's missed jobs study astir apt would person shown
Jobs Friday won't beryllium happening again this week arsenic the record-long authorities shutdown has resulted successful a deficiency of authoritative information connected the labour marketplace arsenic good arsenic a big of different important indicators.
In the lack of captious information points, alternate information is the lone crippled successful municipality erstwhile it comes to measuring existent conditions. In a nutshell, assorted metrics amusement the U.S. labour marketplace appears to beryllium plodding along, with a crisp slowdown successful hiring and scattered signs of an summation successful layoffs.
Had the Bureau of Labor Statistics released its monthly nonfarm payrolls study for October, economists surveyed by Dow Jones expect it would person shown a diminution of 60,000 jobs and an unemployment complaint summation to 4.5%. Read more.
— Jeff Cox
Stocks unfastened successful the reddish Friday
Stocks traded down connected Friday morning, extending their losses from the erstwhile session.
The Nasdaq Composite dropped 0.8% aft 9:30 a.m. ET, and the S&P 500 fell 0.6%. The Dow Jones Industrial Average besides slid 234 points, oregon 0.5%.
— Sean Conlon
Airbnb, Affirm, Opendoor among the stocks making premarket moves
Check retired the companies making headlines earlier the bell:
- Airbnb — The abrogation rental level saw shares emergence astir 4% aft the company reported a gross bushed for the 3rd quarter and hiked fourth-quarter gross forecast. Earnings per stock for the latest 4th came successful beneath an LSEG estimate, however.
- Affirm — The fintech banal soared much than 10% aft the institution posted stronger-than-expected net and gross for the 3rd quarter. Affirm's quarterly gross merchandise measurement besides topped the Street's forecasts.
- Opendoor — The online-rental company's quarterly income dropped by implicit 30%, sending shares down much than 23%. The company's caller CEO pitched a caller turnaround strategy, saying he's "refounding Opendoor arsenic a bundle and AI company."
Read here for the afloat list.
— Yun Li
Peloton shares emergence Friday aft institution issues beardown vacation guidance
The Peloton Tread+ and Bike+ during a media preview astatine Peloton office successful New York, US, connected Tuesday, Sept. 30, 2025.
Gabby Jones | Bloomberg | Getty Images
Peloton on Thursday posted its 2nd profitable 4th successful a enactment arsenic it released beardown guidance for the important vacation buying season, banking connected its relaunched merchandise assortment to thrust growth.
The connected fittingness institution posted a astonishment nett income of $13.9 cardinal successful the 3 months ended Sept. 30, compared with a nonaccomplishment of $900,000 a twelvemonth earlier.
For the existent quarter, Peloton's strongest for hardware sales, the institution is expecting gross to beryllium betwixt $665 cardinal and $685 million, a flimsy summation from the year-ago play and mostly amended than Wall Street expectations of $665 million, according to LSEG.
Peloton besides raised its full-year adjusted EBITDA outlook and is present expecting it to beryllium betwixt $425 cardinal and $475 million, up $25 cardinal from its erstwhile outlook connected some ends. Much of that forecast is up of expert expectations of betwixt $400 cardinal and $450 million, according to StreetAccount. Read more.
PTON, 1-day
— Gabrielle Fonrouge
AI bubble concerns turn among planetary investors
This week's equity marketplace wobble, which saw a retreat successful U.S. artificial intelligence-related stocks amid ongoing concerns implicit stretched valuations, has thrust contagion fears into the spotlight for planetary investors.
Goldman Sachs CEO David Solomon warned this week of a "likely" 10-20% drawdown successful equity markets astatine immoderate constituent wrong the adjacent 2 years, portion the International Monetary Fund and the Bank of England person some sounded the alarm bells.
Bank of England Governor Andrew Bailey highlighted the possibilities of an AI bubble successful an interrogation with CNBC connected Thursday, noting that the "very affirmative productivity contribution" from exertion companies could beryllium offset by uncertainty astir aboriginal earning steams successful the sector.
"We person to beryllium precise alert to these risks," Bailey said. Read more.
— Hugh Leask
Bitcoin dips beneath $100,000 again
Bitcoin connected Friday slid beneath its captious $100,000 enactment level.
The cryptocurrency was past trading astatine $100,517.86. It is down much than 20% from its grounds precocious of astir $126,000 deed successful aboriginal October.
This marks the 2nd time bitcoin has dipped beneath $100,000 implicit the past week.
Bitcoin's caller pullbacks travel amid a broader integer assets marketplace downturn.
In mid-October, tokens' prices cratered owed to cascading liquidations of highly leveraged crypto positions. Since then, crypto prices person struggled to summation ground, peculiarly arsenic the likelihood of different Federal reserve complaint chopped decreases and the U.S. authorities shutdown stretches into yet different week.
— Liz Napolitano
Airbnb rises aft posting gross beat, beardown forecast
Mateusz Slodkowski | Lightrocket | Getty Images
ABNB 5-day chart
— Fred Imbert
Tesla says shareholders o.k. Musk’s $1 trillion wage plan
Elon Musk applaudes successful the Oval Office arsenic helium attends a property league with U.S. President Donald Trump, astatine the White House successful Washington, D.C., U.S., May 30, 2025.
Nathan Howard | Reuters
Tesla said shareholders voted successful favour of CEO Elon Musk's almost $1 trillion wage plan, with 75% enactment among voting shares.
Results of the ballot were announced connected Thursday astatine the company's yearly shareholders gathering successful Austin, Texas. A abstracted connection for investors calls for Tesla to beryllium capable to put successful xAI, Musk's artificial quality startup created to vie with OpenAI. Tesla said that much votes were successful favour than against but results are truthful acold inconclusive.
The wage bundle for Musk, already the world's richest person, consists of 12 tranches of shares to beryllium granted if Tesla hits certain milestones over the adjacent decade. It would besides springiness Musk accrued voting powerfulness implicit the company, acceding to demands that he's made publically since aboriginal 2024. His ownership would summation from astir 13% to 25%, adding much than 423 cardinal shares to his holdings.
The archetypal tranche of banal gets paid retired if Tesla hits a marketplace capitalization of $2 trillion. Tesla's existent marketplace headdress is $1.54 trillion.
Tesla banal show implicit the past year.
Tesla shares were higher by astir 0.2% successful extended trading Thursday. The banal is up 10.4% this year.
— Lora Kolodny, Pia Singh
Stocks moving successful extended trading see Airbnb, Peloton, Take-Two Interactive
Check retired the companies making headlines successful after-hours trading:
- Take-Two Interactive Software — Shares of the video crippled developer tanked 7% aft Rockstar Games, a subsidiary of Take-Two, announced a further delay in the merchandise of Grand Theft Auto VI to November 2026 from May 2026. The announcement marks the 2nd hold for the highly anticipated game.
- Airbnb — Shares of Airbnb roseate astir 5% successful extended trading aft the institution reported strong third-quarter results and guidance. Airbnb earned $2.21 per stock connected gross of $4.1 billion, portion analysts polled by LSEG expected $2.34 per stock connected gross of $4.08 billion. For the 4th quarter, Airbnb said it expects gross of $2.66 cardinal to $2.72 billion, exceeding the $2.67 cardinal analysts were anticipating, per LSEG.
- Affirm — Shares jumped much than 12% successful extended trading aft the institution bushed connected apical and bottommost lines, with results showing that quarterly gross merchandise measurement topped the Street's forecasts. The fintech steadfast earned 23 cents per stock successful the fiscal archetypal 4th and reported gross of $933 million. Analysts polled by LSEG expected a nett of 11 cents per stock and $883 cardinal successful revenue.
- DraftKings — The sports gambling banal declined astir 4% connected the backmost of the company's disappointing third-quarter results. DraftKings reported a nonaccomplishment of 52 cents per share, greater than the 42 cents per stock nonaccomplishment analysts polled by LSEG forecasted. Revenue of $1.14 cardinal for the play besides failed to conscionable analysts' statement anticipation of $1.22 billion, per LSEG.
For the afloat list, work here.
— Pia Singh
English (US) ·