US Stocks Tumble on Thursday

2025-11-13 21:01 By Felipe Alarcon 1 min. read

US stocks tumbled on Thursday, with the S&P 500 down 1.5%, the Nasdaq off 1.9% and the Dow giving back its recent record after losing 1.5% amid a broad sell-off in AI-linked names and cooling expectations for near-term Fed easing.

Markets have sharply reduced the probability of a December 25 basis point cut to roughly 50% from about 95% a month ago as several Fed officials voiced caution over further easing amid persistent inflation and gaps in official data following the government shutdown.

Heavyweights including Nvidia, Broadcom, Oracle and Palantir led tech losses, sliding between roughly 3.6% and 6.5% as investors locked in gains, while Disney plunged 7.8% after mixed fourth-quarter results that beat on earnings but missed on revenue and amplified weakness across communication services.

The repricing of rates removed some of the incentive to chase richly valued growth names and turned profit-taking into a broader market decline.



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