By @freep
Publication Date: 2025-11-22 12:03:00
- The Nasdaq 100 dropped 2.2% on Thursday, its worst day in more than a month, as investors continued to unload tech stocks.
- Even strong results from Nvidia, which easily beat expectations on revenue and issued upbeat guidance, couldn’t pull the broader market back into the green.
Wall Street just wrapped up one of its bumpiest weeks in months, and not even a blockbuster earnings report from Nvidia — the market’s most influential tech giant — was enough to stop the slide.
The Nasdaq 100 dropped 2.2% on Nov. 20, its worst day in more than a month, as investors continued to unload tech stocks. Worries about stretched valuations are rising again, and so are questions about where the Federal Reserve is headed next.
Even strong results from Nvidia, which easily beat expectations on revenue and issued upbeat guidance, couldn’t pull the broader market back into the green.
And if tech had a rough week, crypto had an even worse one. Bitcoin plunged to nearly $80,000 on Nov. 21, falling more than 35% from last month’s record highs and losing over 10% just this past week amid persistent outflows from exchange-traded funds. That’s a sharp reversal for an asset that had been riding a wave of institutional optimism earlier in the fall.
A delayed September jobs report — pushed back six weeks because of the federal government shutdown — added a layer of complexity. The numbers were mixed: Employers added 119,000 jobs, more than double what economists expected. But the…
