[DowJonesToday]Dow Jones Sees Pullback as Tech Valuations Spark Caution
Stock Market News·2025-11-04 17:09

Market Overview - The Dow Jones Industrial Average decreased by 181.18 points, or 0.38%, closing at 47155.50, while Dow Futures fell by 138.00 points, or 0.29%, at 47335.00, indicating a cautious market tone driven by a pullback in technology and AI-related stocks [1] - Investor sentiment was negatively impacted by concerns over high valuations and warnings from Wall Street executives regarding a potential market correction [1] - The U.S. government shutdown resulted in the absence of key economic data, further amplifying the focus on corporate performance [1] Strong Performers - The Travelers Companies (TRV) experienced a notable increase of 2.38%, followed by Merck & Co. (MRK) with a rise of 2.16% [2] - Goldman Sachs Group (GS) posted solid gains, rising by 1.52%, while McDonald's (MCD) and Visa (V) gained 0.85% and 0.83% respectively, indicating resilience in defensive and consumer-oriented sectors [2] Decliners - Caterpillar Inc. (CAT) was the biggest loser, shedding 3.40%, followed by Salesforce (CRM) which dropped 2.62% [3] - Chipmaker NVIDIA (NVDA) declined by 2.37%, and Boeing Co. (BA) experienced a notable decline of 2.26%, while Cisco Systems (CSCO) fell by 1.91% [3] - These losses highlight investor caution towards companies with elevated valuations, particularly in the tech and industrial sectors [3]