Di Yi Cai Jing Zi Xun·2025-11-06 23:44Market Overview - The US stock market experienced a significant decline, with the technology sector being the main focus of sell-offs due to concerns over high valuations and economic outlook [2][3] - The Dow Jones Industrial Average fell by 398.7 points to close at 46,912.3, a decrease of 0.84%; the S&P 500 dropped by 75.97 points to 6,720.32, down 1.12%; and the Nasdaq Composite decreased by 445.81 points to 23,053.99, a decline of 1.90% [2] Technology Sector Performance - Major technology stocks faced declines, with Microsoft down 1.98%, Amazon down 2.86%, Tesla down 3.50%, and Nvidia down 3.65%. Only Google saw a slight increase of 0.15% [2] - The Philadelphia Semiconductor Index fell by 2.4%, indicating a cooling enthusiasm for AI-driven growth stocks [2] Employment and Economic Data - A report from Challenger, Gray & Christmas revealed that US companies announced layoffs of 153,000 in October, a month-on-month increase of 183.1%, marking the highest October layoffs since 2003. Year-to-date layoffs reached 1.1 million, a 65% increase year-on-year [3] - The report attributes layoffs to the integration of AI, slowing consumer demand, and rising costs, suggesting a challenging labor market in Q4 [3] - Revelio Labs reported a net decrease of 9,100 jobs in October, primarily in government sectors, as investors increasingly rely on private data due to delays in official statistics [4] Individual Stock Movements - DoorDash's stock plummeted by 17.5% after its Q3 profits fell short of Wall Street expectations, significantly impacting the non-essential consumer sector [4] - Snap's stock rose by 9.7% after reporting revenue that exceeded expectations and announcing a partnership with Perplexity AI [4] Commodity Market - International oil prices saw a decline, with WTI crude oil futures closing at $59.43 per barrel, down 0.29%, and Brent crude at $63.38 per barrel, down 0.22% [4] - COMEX gold futures fell by 0.05%, closing at $3,991.0 per ounce [4]