Stock market today: Dow, S&P 500, Nasdaq fall as Nvidia leads AI trade lower, jobs jitters reignite

^GSPC ^IXIC ^DJI

• 

  Thu, November 6, 2025 astatine 9:00 PM UTC

  Tech stocks pb marketplace little arsenic valuations inactive a concern

  Tech stocks led the marketplace to the downside connected Thursday arsenic investors questioned AI valuations and occupation information from backstage companies continued to amusement signs of weakness.

  The tech-heavy Nasdaq Composite (^IXIC) slid 1.9%. The S&P 500 (^GSPC) mislaid 1.1%, and the Dow Jones Industrial Average (^DJI) declined 0.8%.

  Nvidia (NVDA) led tech stocks lower, on with different chipmakers similar AMD (AMD) and Qualcomm (QCOM), which reported a better-than-expected quarterly print.

  NasdaqGS - Delayed Quote • USD

  At close: November 7 astatine 4:00:00 PM EST

  NVDA AMD QCOM

  A Challenger occupation speechmaking released connected Thursday greeting showed that past period had the highest fig of occupation cuts compared to immoderate different October successful much than 20 years, signaling the labour marketplace continues to deteriorate.

• 

  Thu, November 6, 2025 astatine 8:15 PM UTC

  Fed’s Hammack: 'It's not obvious' the cardinal slope should chopped rates further

  Yahoo Finance's Jennifer Schonberger reports:

  Read much here.

• 

  Thu, November 6, 2025 astatine 7:29 PM UTC

  Nvidia sinks 3% arsenic Trump authoritative says AI won't get national bailout

  Nvidia (NVDA) extended its diminution connected Thursday, dropping arsenic overmuch arsenic 3% aft President Trump's "AI and crypto czar," David Sacks, stated that the artificial quality manufacture would not person a bailout.

  The chipmaker made a league debased aft Sacks said connected X, "There volition beryllium nary national bailout for AI. The U.S. has astatine slightest 5 large frontier exemplary companies. If 1 fails, others volition instrumentality its place."

  The comments were made aft ChatGPT shaper OpenAI's CFO Sarah Friar alluded during a league with the Wall Street Journal that the institution would invited a national warrant to marque it easier to concern monolithic investments successful AI chips for information centers.

  Nvidia had already declined successful the anterior league aft CEO Jensen Huang said to the FT that China "will win" the AI contention with the US. Huang aboriginal stated connected X that the overseas state is "nanoseconds" down the United States successful artificial intelligence.

• Thu, November 6, 2025 astatine 6:41 PM UTC

  Treasury yields autumn arsenic risk-off temper resumes

  Treasurys rallied connected Thursday arsenic a risk-off temper swept markets pursuing a study from outplacement steadfast Challenger, Gray & Christmas that showed October was the worst period for layoffs successful much than 20 years.

  The 10-year output (^TNX) fell 7 ground points to $4.08, portion the 30-year output (^TYX) declined by 5 ground points to 4.68%. The 5-year output dropped 8 ground points to 3.67%. (Yields and enslaved prices determination inversely to each other.)

  Meanwhile, stocks fell successful midday trading, led little by the Nasdaq (^IXIC). The tech-heavy scale dropped 1.4%.

  Bond prices rebounded from sell-off connected Wednesday arsenic a swirl of mixed backstage institution information during the authorities shutdown continues to muddy the US economical picture. The volatility scale (^VIX), a communal fearfulness gauge, roseate to astir 20, its highest level successful astir 2 weeks.

• Thu, November 6, 2025 astatine 6:05 PM UTC

  Schwab notches a $660 cardinal woody statement with backstage plus steadfast Forge Global Holdings

  Charles Schwab (SCHW) is acquiring Forge Global Holdings (FRGE), which acts arsenic a marketplace for pre-IPO companies, for $660 million, the institution announced Thursday.

  Yahoo Finance's David Hollerith reports that the all-cash woody gives 1 of the country’s largest wealthiness absorption platforms much standard to connection customers entree to shares of privately held companies, and it's conscionable the latest determination successful the gathering concern question of getting backstage assets into mundane capitalist accounts.

  Charles Schwab banal roseate 0.3% connected Thursday afternoon, portion Forge banal skyrocketed 68%.

  "It's a large mode for our clients to beryllium capable to enactment successful the maturation of backstage markets," Charles Schwab's caller CEO Rick Wurster told Yahoo Finance's Brian Sozzi connected Thursday (watch below).

  "Private markets person agelong been thing that person been disposable to the high-net-worth and ultra-high-net-worth, and there's been a batch of wealthiness created there," Wurster said. "But they haven't been disposable to the mundane investor, and by buying Forge, we unfastened up that accidental to each of our clients, some the RIA [registered concern adviser] market, our retail clients, and it'll besides assistance our workplace business."

  Read much here.

• Thu, November 6, 2025 astatine 5:49 PM UTC

  Trump strikes a woody with Eli Lilly, Novo Nordisk to little weight-loss cause prices

  Eli Lilly (LLY) banal roseate 1% and Novo Nordisk (NVO) fell 2% aft the Trump medication announced it had negotiated deals to little the pricing of the companies' obesity drugs, akin to a woody struck betwixt the White House and Pfizer (PFE) earlier this year.

  On Thursday, President Trump announced that the 2 pharmaceutical companies would slash the prices of their blockbuster weight-loss drugs, similar Lilly's Zepbound and Novo Nordisk's Wegovy, successful the US successful speech for wider Medicare entree and tariff relief.

  Bloomberg reports:

  Read much here.

• Thu, November 6, 2025 astatine 5:30 PM UTC

  Big Tech's AI powerfulness needs has near a Jerry Jones-backed Texas state elephantine sitting connected the 'holy grail' of supply

  Yahoo Finance's Jake Conley reports:

  Read much here.

• Thu, November 6, 2025 astatine 5:15 PM UTC

  Modest jobs maturation isn't capable to alteration the economical communicative — but capable to formed doubt

  It's hard to get a wide representation of the system with conscionable a constrictive watercourse of information to spell on, writes Yahoo Finance's Hamza Shaban.

  He reports connected the difficulties:

  Read much here successful the takeaway from today's Morning Brief.

• 

  Thu, November 6, 2025 astatine 4:49 PM UTC

  Rare world stocks autumn arsenic commercialized worries proceed to ease, MP Materials to study earnings

  Rare world stocks fell successful the archetypal hours of Thursday's trading league arsenic fears astir a proviso cutoff by China continued to easiness and MP Materials (MP) prepared to study net aft the bell.

  Shares successful MP Materials, the relation of the largest commercialized uncommon world excavation successful the Western hemisphere, and prospective miners USA Rare Earth (USAR) and Ramaco Resources (METC) each fell by much than 4.5%.

  Rare world stocks had notched a meteoric run-up successful caller months arsenic Beijing threatened to flex its governmental musculus and mostly chopped disconnected the proviso of the minerals, which are captious passim industries from weapons improvement to aesculapian technology.

  The stocks person besides been supported by a slew of nationalist investments successful the institution by the US authorities arsenic the Trump medication looks to usher guardant a home proviso concatenation for the materials.

  MP Materials, the preeminent sanction of the bunch, is up much than 110% implicit the past six months. Ramaco Resources is up much than 130% implicit the aforesaid period, portion USA Rare Earth has gained much than 50%.

  The stocks person fallen implicit the past week aft a long-anticipated sit-down betwixt President Trump and his Chinese counterpart, Xi Jinping. As portion of a tentative statement reached by the 2 leaders, Beijing said it volition hold the implementation of strict export controls connected the materials introduced successful aboriginal October for astatine slightest a year.

  MP Materials is acceptable to study quarterly results aft the closing doorbell today, with analysts calling for an adjusted nonaccomplishment per stock $0.16 connected $53 cardinal successful gross for the mining company, according to statement estimates from S&P Global Market Intelligence.

• 

  Thu, November 6, 2025 astatine 4:15 PM UTC

  Saudi Aramco cuts lipid prices for Asian buyers arsenic glut signals strengthen

  Saudi Aramco (2223.SR), the world's largest lipid company, chopped the terms of its flagship lipid people sent to Asia for December to the lowest level successful 11 months, according to Bloomberg.

  The state-owned Aramco lowered the terms of its Arab Light crude by $1.20 per tube to a premium of $1 implicit the Oman/Dubai determination average, signaling a bearish outlook connected the increasing planetary lipid glut expected to deed the marketplace successful unit successful 2026.

  Aramco besides chopped prices for its heavy, medium, ace light, and other airy crude grades sent to Asia, according to Bloomberg. Prices connected grades sent to North American buyers were lowered by $0.50.

  Steady demand, peculiarly from China and India has kept a level nether Middle Eastern prices, adjacent arsenic planetary benchmarks person fallen passim the year. The terms cuts whitethorn bespeak an expected slowdown successful purchasing from the region.

  Brent crude (BZ=F), the planetary benchmark for oil, fell by a spot implicit 0.4% connected Thursday.

  The determination from Aramco to chopped its prices comes lone days aft the OPEC+ cartel — which counts Saudi Arabia arsenic its person — announced that it would unwind cuts by different 137,000 barrels per time successful December earlier initiating a three-month clasp connected adjusting accumulation rates successful what has wide been viewed arsenic a protective measurement against the incoming lipid glut.

  While estimates vary, the International Energy Agency's astir caller predictions enactment the 2026 glut astatine much than 4 cardinal barrels per day, pursuing a twelvemonth wherever prices person already been depressed. But caller sanctions from the US Treasury Department connected Rosneft and Lukoil, the 2 largest lipid producers successful Russia, person analyzable views connected conscionable however ample a glut mightiness be.

• 

  Thu, November 6, 2025 astatine 3:28 PM UTC

  Duolingo shares plummet arsenic AI transportation falls flat, bookings estimates miss

  Shares successful the language-learning app Duolingo (DUOL) plummeted connected Thursday, falling much than 25% arsenic an AI-heavy transportation from the institution fell level with investors and the institution lowered its guidance connected bookings.

  Duolingo, which has leaned into pitching itself arsenic an AI-forward institution successful caller months, posted 3rd 4th income of $271.1 cardinal against expert estimates of $260.3 million. But respective antagonistic measures dragged shares downward.

  The institution lowered its bookings forecast for the 4th fourth to a scope of $329.5 cardinal to $335.5 million, beneath expert estimates of $343.6 million. Meanwhile, Duolingo besides missed connected estimates connected idiosyncratic maturation successful the 3rd quarter, ticking up to 50.5 cardinal regular progressive users against analysts' estimates of 51.1 cardinal users.

  The institution noted successful a 3rd 4th capitalist missive that its revenues and regular progressive users are some up much than 40% since the commencement of the year.

  Shares successful Duolingo, which had seen explosive maturation done May, are down much than 40% connected the twelvemonth arsenic repeated attempts astatine an AI transportation person fallen level with investors.

  "We are 1 of the fewer companies that has recovered a mode to marque nett disconnected of AI. This is really profitable for us," CEO Luis von Ahn said to Reuters.

  Von Ahn wrote successful the 3rd 4th capitalist missive that "we’re investing proportionally much successful teaching amended ... due to the fact that we privation to support increasing users for a agelong time, and due to the fact that of our expanding condemnation that AI tin fundamentally alteration what’s imaginable successful however we teach."

  The language-learning level has been connected the backmost ft ever since a ChatGPT-5 presumption by OpenAI displayed the generative AI bundle gathering a language-learning instrumentality from scratch successful lone minutes.

• 

  Thu, November 6, 2025 astatine 2:46 PM UTC

  Stocks clasp level aft the opening doorbell connected Thursday

  US stocks fell from aboriginal gains successful premarket trading to clasp astir level arsenic concerns astir Big Tech and a bearish circular of layoff information continued to measurement connected markets.

  The S&P 500 (^GSPC), the tech-heavy Nasdaq Composite (^IXIC), and the Dow Jones Industrial Average (^DJI) each held astir level astatine the marketplace unfastened arsenic a sell-off successful tech stocks eased.

  SNP - Delayed Quote • USD

  At close: November 7 astatine 4:41:18 PM EST

  ^GSPC ^DJI ^IXIC

  Today's spotlight volition mostly absorption connected Tesla's (TSLA) shareholder meeting, scheduled to statesman astatine 4 p.m. ET. A ballot connected Elon Musk's projected trillion-dollar wage bundle is the main event, amid worries helium volition discontinue arsenic the EV maker's CEO if the program is rejected.

  The marketplace enactment comes arsenic the US authorities shutdown enters its 37th day, making it the longest successful the country's history. Wall Street is the fallout from the FAA's determination to chopped 10% of flights astatine 40 airports due to the fact that of the national shutdown. Shares successful Delta Air Lines (DAL) and Southwest (LUV) continued to summation Thursday greeting aft putting up much than 5% connected Wednesday, portion United Airlines (UAL) fell by a spot implicit 0.6% successful the archetypal minutes of Thursday's session.

• 

  Thu, November 6, 2025 astatine 2:09 PM UTC

  Airlines wobble successful aboriginal trading connected Thursday

  Major hose stocks began to pare beardown gains made done Wednesday's trading model aft Department of Transportation Sean Duffy said the US would chopped down formation capableness by 10% arsenic the authorities shutdown keeps aerial postulation power workers without pay.

  Shares successful Delta Air Lines (DAL) and Southwest Airlines (LUV) fell by much than 0.7% successful premarket trading Thursday morning, portion United Airlines Holdings (UAL) mislaid a spot implicit 1.4%. JetBlue Airways (JBLU) banal fell 0.4%.

  All 4 airlines posted gains of much than 5% connected Wednesday.

  The directive from the proscription department, which is acceptable to beryllium implemented connected Friday, is apt to interaction galore of the country's largest airports, according to a projected database provided to CBS News. The bureau is acceptable to publically denote the markets impacted by the directive connected Thursday.

  Duffy said Wednesday that planetary routes would stay unaffected.

  The shutdown, present the longest successful US history, has roiled airports and near travelers with agelong lines and delayed flights arsenic aerial postulation controllers, indispensable to airdrome operations, person been near without paychecks. US aerial carriers were told Wednesday nighttime that they should hole to chopped flights by 4% connected Friday and a further 5% connected Saturday, according to Bloomberg.

  Read much astir however the authorities shutdown is affecting flights here.

• Thu, November 6, 2025 astatine 1:55 PM UTC

  Last period marked worst October for layoffs successful much than 20 years: Challenger

  Last period was the worst October for layoff announcements since 2003 arsenic companies slashed roles to prevention money, pared backmost pandemic-era hires, and planned up for artificial intelligence, according to the planetary outplacement steadfast Challenger, Gray & Christmas.

  Yahoo Finance's Emma Ockerman reports:

  Read much here.

• 

  Thu, November 6, 2025 astatine 1:21 PM UTC

  Good morning. Here's what's happening today.

  Economic data: Challenger occupation cuts (October); Nonfarm productivity (third 4th preliminary reading); Unit labour costs (third 4th preliminary reading); Initial jobless claims (week ended Nov. 1)

  Earnings calendar: AstraZeneca (AZN), ConocoPhillips (COP), Airbnb (ABNB), Monster Beverage (MNST), Vistra (VST), EOG Resources (EOG), Datadog (DDOG), Warner Bros. Discovery (WBD), Block (XYZ), Wheaton Precious Metals (WPM), Consolidated Edison (ED), Kenvue (KVUE), Expedia Group (EXPE), The Trade Desk (TTD), Tapestry (TPR), Affirm Holdings (AFRM), Ralph Lauren (RL), Evergy (EVRG), Alliant Energy Corporation (LNT), US Food (USFD), News Corp. (NWS), DraftKings (DKNG), Hyatt Hotels (H), Wynn Resorts (WYNN), MP Materials (MP), Texas Roadhouse (TXRH), Moderna (MRNA), Avidity Biosciences (RNA), Dropbox (DBX), Planet Fitness (PLNT), Soundhound AI (SOUN), H&R Block (HRB), Nexstar Media Group (NXST), NuScale Power (SMR), Opendoor Technologies (OPEN), Oscar Health (OSCR), Grindr (GRND), PENN Entertainment (PENN), Warby Parker (WRBY), Hanesbrands (HBI), USA Rare Earth (USAR), Ivanhoe Electric (IE), Under Armour (UAA), Lionsgate Studios (LION)

  Here are immoderate of the biggest stories you whitethorn person missed overnight and aboriginal this morning:

  Job cuts successful October deed highest level successful implicit 20 years

  Modest jobs maturation casts uncertainty connected communicative of the economy

  US to chopped flights 10% astatine 40 airports due to the fact that of shutdown

  FAA to slash aerial postulation arsenic Trump blames shutdown for GOP struggles

  Texas state elephantine says it's sitting connected 'holy grail' for AI powerfulness needs

  BofA outlines its plans for net maturation and AI

  Moderna banal pops amid cost-cutting efforts

  Sparks alert arsenic Tesla's trillion-dollar time for Musk arrives

  Bessent leaves Supreme Court proceeding connected Trump tariffs 'optimistic'

  Trump to rise SNAP payments aft calculation 'error'

  Moderna gains connected crisp outgo cuts arsenic Covid vaccine declines

  Nvidia-backed startup strikes $1.17B AI woody with CoreWeave

  China sells $4 cardinal of dollar bonds arsenic US tensions ease

• 

  Thu, November 6, 2025 astatine 12:30 PM UTC

  AI banal wobble points to US marketplace reliance connected tech

  US stocks fell sharply aboriginal this week amid worries that a roar successful AI institution valuations could beryllium cooling. Morgan Stanley (MS) and Goldman Sachs (GS) CEO's warned connected Tuesday that banal markets could caput toward a correction, fueling increasing concerns implicit sky-high valuations.

  "We should invited the anticipation that determination would beryllium drawdowns, 10% to 15%, that are not driven by immoderate benignant of macro cliff effect," Morgan Stanley CEO Ted Pick said.

  This caller shingle to equities came arsenic a reminder that the US banal marketplace relies heavy connected tech.

  SNP - Delayed Quote • USD

  At close: November 7 astatine 4:41:18 PM EST

  Reuters reports:

  Read much here.

• Thu, November 6, 2025 astatine 11:56 AM UTC

  Snap banal soars connected Perplexity partnership, gross and DAU beats

  Snap (SNAP) banal soared astir 20% aft the tech institution reported a gross beat, issued a beardown forecast, and announced a concern with Perplexity AI (PEAI.PVT).

  As portion of that partnership, Perplexity volition wage Snap $400 cardinal starting successful aboriginal 2026 to look successful the Chat interface for Snapchatters worldwide.

  “Our extremity is to marque AI much personal, social, and amusive — woven into the cloth of your friendships, Snaps, and conversations,” Snap CEO Evan Spiegel said. “This concern reflects our shared imaginativeness for the powerfulness of AI to heighten find and transportation connected Snapchat, and we look guardant to collaborating with much innovative partners successful the future.”

  For the 3rd quarter, the institution reported a $0.06 nonaccomplishment per share, versus a $0.12 nonaccomplishment estimated by Wall Street analysts, according to S&P Global Market Intelligence.

  Revenue grew 10% twelvemonth implicit twelvemonth to $1.5 billion, compared to $1.49 cardinal estimated by analysts and $1.34 cardinal successful Q2. It marked a deceleration from the 15.5% yearly gross maturation successful Q3 2024.

  For the 4th quarter, Snap expects income to beryllium betwixt $1.68 cardinal and $1.71 billion, besides up of estimates.

  Daily progressive users (DAU) grew 8% twelvemonth over-year to 477 million. The institution had guided for 476 cardinal successful Q3.

• Thu, November 6, 2025 astatine 11:45 AM UTC

  Bank of America outlines plans for net maturation and AI successful archetypal capitalist time successful years

• 

  Thu, November 6, 2025 astatine 11:35 AM UTC

  Premarket trending tickers: Nvidia, Duolingo and DoorDash

  Nvidia (NVDA) banal roseate 1% connected Thursday earlier the bell. The emergence followed CEO Jensen Huang's comments to the FT, informing that China could triumph the AI contention with the US.

  NasdaqGS - Delayed Quote • USD

  At close: November 7 astatine 4:00:00 PM EST

  Duolingo (DUOL) stock plunged 24% earlier the doorbell aft the company's forecast for the 4th fourth outlined bookings beneath Wall Street estimates.

  DoorDash (DASH) stock plunged successful premarket trading connected Thursday. Despite the transportation company's 3rd 4th gross beating estimates, net fell short.

• 

  Thu, November 6, 2025 astatine 11:30 AM UTC

  Marvell rises aft study SoftBank weighed imaginable takeover

  Marvell Technology Inc. (MRVL) banal roseate 11% earlier the doorbell connected Thursday pursuing a study that Japanese institution Softbank (SFTBY) was weighing a imaginable takeover of the US chipmaker, according to radical acquainted with the matter.

  Bloomberg News reports:

  Read much here.