By William Collins, consultant in stock markets – Eurasia Business News, November 4, 2025. Article no 1882
The stock market experienced a tech-led selloff with the Nasdaq Composite index dropping about 2.04% (486 points) to close at 23,348.64, marking the largest one-day percentage decline since early October. This decline was driven by growing concerns over inflated valuations in artificial intelligence (AI) stocks and a wave of profit-taking after a strong tech rally.
The S&P 500 fell approximately 1.2%, and the Dow Jones Industrial Average decreased by about 0.5%. Notably, big tech companies like Palantir (-8% to -10%), Nvidia (-3% to -4%), and Tesla (-5%+) saw significant share price declines amid skepticism on the sustainability of recent gains.
Bitcoin and other major cryptocurrencies also retreated, with Bitcoin dipping below $100,000, its lowest level since late June.
Gold prices fell as well to $ 3,937 per troy ounce, with the commodity market broadly declining alongside tech equity sentiment. The spot price of gold traded around $3,935 to $3,949 per troy ounce, falling roughly 1.8% from the previous day’s close of about $4,014. This drop was attributed to a stronger US dollar, fading expectations for additional Federal Reserve rate cuts, and regulatory changes in China that removed some tax incentives on gold sales. Despite the decline, gold remained well above $3,900, sustaining its role as a safe-haven asset amid geopolitical uncertainties and economic concerns.
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Silver also experienced a dip, trading around $47.08 per troy ounce, down nearly $1 from prior levels, marking a modest retreat but still at historically high levels seen over the past 14 years. Both metals held significance for investors seeking stability during volatile market conditions, with gold maintaining strong demand worldwide.
The weakness in tech and consumer discretionary sectors contributed most to the market pullback, while concerns about potential shifts in Federal Reserve monetary policy and ongoing geopolitical tensions weighed on investor sentiment.
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This market reaction fits with the broader economic and geopolitical context of November 4, 2025, including US-China trade developments, regulatory scrutiny on tech valuations, and cautious global economic outlooks previously identified for major regions.
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© Copyright 2025 – Eurasia Business News. Article no. 1882
Eurasia Business News 