By STAN CHOE — AP Business Writer
Publication Date: 2025-11-18 16:28:00
NEW YORK (AP) — The U.S. stock market is falling again on Tuesday, following a sell-off that swept Asia and Europe, as Nvidia, bitcoin and other Wall Street stars keep swinging on worries that their prices shot too high.
The S&P 500 dropped 1.3% and pulled further from its all-time high set late last month. The Dow Jones Industrial Average was down 644 points, or 1.4%, as of 11 a.m. Eastern time, and the Nasdaq composite was 1.8% lower.
Nvidia was again the heaviest weight on the market, and its drop of 2.9% brought its loss for the month so far to 10.5%. That’s a steep enough fall that Wall Street has a name for it: a correction.
What Nvidia does matters disproportionately to savers’ 401(k) accounts because it’s the most influential stock on Wall Street due to its immense size. It single-handedly steers the direction of the S&P 500 some days, after fervent demand for its artificial-intelligence chips helped it briefly top $5 trillion in total value.
The U.S. stock market’s recent struggles are a sharp turnaround from a nearly relentless rally since April, when Wall Street last sold off after President Donald Trump shocked the world with stiff tariffs. That rally, though, was so strong that critics said it may have carried prices too…
