By Rian Howlett
Publication Date: 2025-11-18 14:38:00
US stocks retreated on Tuesday as worries about an AI bubble and the broader US economy continued to set markets on edge, with a pivotal Nvidia (NVDA) earnings report and shutdown-delayed jobs data on the horizon.
The Dow Jones Industrial Average (^DJI) fell around 0.9%, or about 400 points, coming off the worst three-day run for the blue-chip benchmark since April. The tech-heavy Nasdaq Composite (^IXIC) pulled back nearly 1%. The S&P 500 (^GSPC) was roughly 0.7% lower, eyeing its fourth consecutive losing session.
Bitcoin briefly dipped below $90,000 on Tuesday for the first time in seven months, deepening a sell-off that wiped out all of the leading cryptocurrency’s gains for the year.
Worries about an AI bubble and the US economy added to the risk-off mood, as markets start to show signs of strain. Investors are now eyeing two key tests of those concerns in coming days.
Chipmaker Nvidia’s third quarter results land on Wednesday, at a moment when investors are rethinking the durability of this year’s AI-fueled market rally. Nvidia helped lead a Big Tech slide on Tuesday, falling as much as 3%. Amazon (AMZN) and Microsoft (MSFT) also both fell around 3%.
On Thursday, Wall Street will look to the September jobs report release to help shape expectations for the Federal Reserve’s next policy moves. It’s the first major economic reading since the US shutdown delayed official data releases. Traders have pared rate-cut odds significantly from total…