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US: Wall Street tumbles after big banks flag pullback risk

by Sarkiya Ranen
in Technology
US: Wall Street tumbles after big banks flag pullback risk
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[NEW YORK] Wall Street’s main indexes tumbled on Tuesday (Nov 4) as investors questioned lofty tech valuations after the CEOs of top Wall Street banks warned of a stock market selloff, while AI favourite Palantir’s sales forecast failed to impress investors.

The Dow Jones Industrial Average fell 188.6 points, or 0.40 per cent, at the open to 47,148.04.

The S&P 500 fell 63.4 points, or 0.93 per cent, at the open to 6,788.52​, while the Nasdaq Composite dropped 376.5 points, or 1.58 per cent, to 2,3458.211 at the opening bell. REUTERS



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Tags: BanksBigFlagPullbackRiskStreetTumblesWall
Sarkiya Ranen

Sarkiya Ranen

I am an editor for Ny Journals, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

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