Dow closes lower by nearly 400 points, Nasdaq drops 1.9% as AI stocks resume their decline

U.S. stocks retreated on Thursday as companies that have benefited from the artificial intelligence trade came under pressure yet again amid concern about their eye-watering valuations.

The Dow Jones Industrial Average slid 398.70 points, or 0.84%, to close at 46,912.30. The S&P 500 traded down by 1.12%, to settle at 6,720.32, while the Nasdaq Composite tumbled 1.9% to end at 23,053.99. The Nasdaq 100 was down more than 2% since last Friday’s close and is on pace for its worst week since early April. The biggest downside impact came from Nvidia, Microsoft, Palantir Technologies, Broadcom and Advanced Micro Devices.

Source: https://www.cnbc.com/2025/11/05/stock-market-today-live-updates.html