Mei Ri Jing Ji Xin Wen·2025-11-04 16:25Market Overview - The U.S. stock market opened lower and saw slight gains, with the Dow Jones down 0.32%, S&P 500 down 0.64%, and Nasdaq down 1.01% as of 23:10 Beijing time [1] - Major technology stocks experienced declines, with Intel down over 4%, Tesla down 3.53%, and Nvidia down over 2% [2][3] Chinese Stocks - The Nasdaq Golden Dragon China Index fell by 1.4%, with notable declines in stocks such as WeRide down 7.61%, Pony.ai down 7.18%, and Xpeng down 3.64% [4] European Market - European stock markets also showed weakness, with Germany's DAX30 index down over 1%, France's CAC40 down 0.93%, and the UK FTSE 100 down 0.5% as of 22:00 Beijing time [5] Asian Market - In the Asian trading session, the South Korean KOSPI fell 2.4%, the Nikkei 225 dropped 1.7%, and the Hang Seng Index decreased by 0.79% [5] Commodity Prices - Gold prices saw a significant drop, with spot gold falling by 1.4% to $3944.9 per ounce, while COMEX gold dropped 1.73% to $3944.5 per ounce [5][6] - International oil prices also declined slightly, with Brent crude at $64.22 per barrel and WTI crude at $60.34 per barrel [8][9] Cryptocurrency Market - The cryptocurrency market faced a sharp decline, with Bitcoin dropping over 3% to $104,289 per coin, and over 340,000 traders liquidated, totaling $1.399 billion in liquidations [11][12] Company Earnings and Market Sentiment - Palantir reported a record revenue of $1.18 billion for Q3, a 63% year-over-year increase, but the stock price fell, reflecting investor profit-taking and concerns over tech stock valuations [13][14] - Wall Street executives expressed caution regarding the U.S. stock market, predicting a potential correction of 10% to 20% due to high valuation levels, particularly in tech stocks [14][15]