Mei Ri Jing Ji Xin Wen·2025-11-04 22:35Market Overview - On November 4, US stock indices collectively declined, with the Nasdaq dropping 486.08 points, a decrease of 2.04%, the S&P 500 falling by 1.17%, and the Dow Jones down by 0.53% [2] - Major tech stocks experienced significant declines, with Intel down over 6%, Tesla down over 5% (losing $80.2 billion in market value), Nvidia down over 3% (losing $199 billion), and Google down over 2% [3] Company-Specific Developments - Tesla's annual shareholder meeting on November 6 will see Norway's sovereign wealth fund voting against a proposal to grant Elon Musk stock as a performance reward, which could amount to $1 trillion if he meets ambitious targets over the next decade [3] - Despite Palantir reporting record revenue and raising its annual performance forecast, its stock plummeted, triggering broader market sell-offs and concerns over tech stock valuations [3] - Michael Burry's Scion Asset Management disclosed bearish positions on Nvidia and Palantir shortly after warning retail investors about market exuberance, indicating a strategy to profit from potential declines in these stocks [3] Broader Market Sentiment - Statements from CEOs of Goldman Sachs and Morgan Stanley have unsettled investors, with predictions of a potential 10% to 20% market pullback in the next 12 to 24 months [4] - The Nasdaq Golden Dragon China Index fell by 2.05%, with several Chinese stocks experiencing notable declines, while Baidu and Vipshop saw gains of over 3% and 2%, respectively [4] Commodity and Cryptocurrency Markets - FTSE A50 futures fell by 0.24%, and international oil futures also saw slight declines, with WTI crude oil down 0.8% to $60.56 per barrel and Brent crude down 0.69% to $64.44 per barrel [5] - The cryptocurrency market faced severe sell-offs, with Bitcoin dropping below $100,000 and over 40,000 traders liquidated, resulting in $1.799 billion evaporated in 24 hours [6][8] Federal Reserve Outlook - There are concerns regarding whether the Federal Reserve will implement a third consecutive rate cut in December, with decisions dependent on upcoming data and the impact of tariffs on inflation [10]