Benzinga·2025-11-05 07:28Market Overview - U.S. stocks experienced a decline, with the Nasdaq Composite falling approximately 2% as investors reacted to corporate earnings that were solid but not exceptional, leading to profit-taking after significant year-to-date gains [1][4] - The Dow Jones closed down around 251 points at 47,085.24, while the S&P 500 decreased by 1.17% to 6,771.55, and the Nasdaq Composite dropped 2.04% to 23,348.64 during the session [4] Company Performance - Palantir Technologies Inc. (NASDAQ:PLTR) saw a decline of about 8% despite surpassing Wall Street estimates and raising its full-year guidance, attributed to sell-the-news behavior following a 170% stock surge in 2025 [2] - Uber Technologies Inc. (NYSE:UBER) fell over 5% after disappointing earnings results, contributing to the overall market downturn [2] Economic Indicators - The Logistics Manager's Index remained unchanged at 57.4 in October, consistent with the previous month's reading [3] - Most sectors within the S&P 500 closed negatively, particularly communication services, consumer discretionary, and information technology, while consumer staples and financial stocks performed better, closing higher [3] Market Sentiment - The CNN Money Fear and Greed Index indicated an increase in fear, moving to the "Extreme Fear" zone with a current reading of 22.5, down from 28.8 [5]