21世纪经济报道·2025-11-04 23:17Market Overview - On November 4, global financial markets experienced significant declines, with major U.S. indices all closing lower: Dow Jones down 0.53%, S&P 500 down 1.17%, and Nasdaq down 2.04% [1][2] - Large tech stocks saw substantial drops, with Intel falling over 6%, Tesla down over 5% (losing approximately $80.2 billion in market value), and Nvidia down over 3% (losing about $199 billion in market value) [2] Chinese Stocks - The Nasdaq Golden Dragon China Index fell by 2.05%, with notable declines in several Chinese stocks: Xiaoma Zhixing down nearly 10%, Futu Holdings down over 7%, and Bilibili down over 5% [3] Commodity Prices - International precious metals futures saw widespread declines, with COMEX gold futures down 1.81% to $3941.30 per ounce and silver down 2.40% to $46.90 per ounce [5][6] - International crude oil futures also experienced 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][6] Cryptocurrency Market - The cryptocurrency market faced a significant downturn, with over 460,000 liquidations occurring within 24 hours, resulting in approximately $20.25 billion evaporated [7][8] - Bitcoin briefly fell below the $100,000 mark, while Ethereum dropped over 14%, falling below $3,100 [6][8] Economic Concerns - The U.S. federal government has been in a shutdown for 35 days, impacting various sectors including aviation, food assistance, and healthcare [8] - Market sell-offs were triggered by a sharp decline in AI stock Palantir, despite reporting record revenue and raising annual performance expectations, leading to concerns over tech stock valuations [8][9] - Executives from Goldman Sachs and Morgan Stanley expressed concerns about potential market corrections, predicting a possible 10% to 20% pullback in the stock market over the next 12 to 24 months [9]