US stocks tumble as tech under pressure

New York, Nov 14, 2025 (AFP)
Wall Street stocks slumped early Friday with tech companies leading the sell-off, while investors moderate their expectations about further interest rate cuts by the US central bank.
The Dow Jones Industrial Average shed 1.1 percent to 46,939.44, while the broad-based S&P 500 lost 0.8 percent to 6,682.66.
The tech-heavy Nasdaq Composite Index fell 0.9 percent to 22,661.28.
Noting that tech stocks have come under pressure, Christopher Low from FHN Financial said "the market's been shaky for the past couple of weeks."
"Part of this is some skepticism about the size of the AI trade," Low added.
He said as well that some of the gloominess has been blamed on shifting expectations for Federal Reserve policy, with the market tempering its expectations of another rate cut in December.
For now, even though a record government shutdown has ended, it will take time for the publication of official economic data to resume, Low said.
Among individual companies, shares in Advanced Micro Devices lost 2.0 percent, while Palantir Technologies pulled back by 0.1 percent.
Tesla shares were down 1.5 percent.

Sumber : AFP