By Quartz Staff
Publication Date: 2025-11-14 13:55:00
Nvidia stock was down more than 3% when the market opened Friday and Tesla shares were off about 4%, as a tech stock selloff that had already driven major market indexes to their worst day in a month on Thursday looked set to continue to end the week.
The Dow Jones Industrial Average fell more than 530 points, or 1.1%, while the S&P 500 was off 1% and the tech-heavy Nasdaq fell about 1.2%. Other chip stocks also fell along with AI chip behemoth Nvidia, with AMD shares down more than 4% and Micron Technology stock off about 1%.
The Dow hit 48,000 for the first time this week. But stocks quickly retreated from there, as the end of the longest federal government shutdown in American history seemed to refocus investor anxieties on the risk that the Federal Reserve will pause interest rate cuts, and on fears of a bubble in AI stock valuations.
That’s where the anxiety lives. Forty-plus days without federal releases means the Fed enters its next policy cycle with partial visibility. Some data will come back quickly; some may never arrive at all. BMO Private Wealth’s Carol Schleif put the fine print on it in a note: “While we have always expected that many of the data points missed during the shutdown will remain dark, there are questions about what the inflation and jobs data will look like once these reports come back online.” She said she wouldn’t be surprised to see some “market chop over the coming weeks” as the data pipeline sputters back to life. Washington’s…
