财联社·2025-11-05 00:14Core Viewpoint - The article discusses the recent decline in U.S. stock markets, highlighting concerns over high valuations and potential market corrections, particularly focusing on the performance of AI-related stocks like Palantir and the broader implications for retail investors and market sentiment [1][4][5]. Market Performance - The S&P 500 index fell by 1.17% to 6771.55 points, the Nasdaq Composite dropped by 2.04% to 23348.64 points, and the Dow Jones Industrial Average decreased by 0.53% to 47085.24 points [1]. - Retail investor sentiment, as measured by Goldman Sachs' retail preference index, declined by 3.6%, significantly underperforming the S&P 500 index [4]. Company-Specific Insights - Palantir, despite reporting earnings that exceeded expectations and raising its guidance, saw its stock price drop by 7.94%, reflecting concerns over its valuation after a 400% increase over the past year [3][4]. - Michael Burry, known for his role in "The Big Short," disclosed that he purchased put options on Palantir and Nvidia, further intensifying market fears [4]. Technical Analysis - Jonathan Krinsky, a chief market technician, indicated that the S&P 500 has not tested its 50-day moving average since April, currently around 6654 points, and suggested a potential decline to the 6400-6500 point range due to extreme market divergences [4][5]. Broader Market Trends - Similar to U.S. equities, commodities, including oil and gold, experienced declines, with Bitcoin and Ethereum dropping by nearly 6% and over 10%, respectively, indicating a broader risk-off sentiment in the market [6]. - The Nasdaq Golden Dragon China Index fell by 2.05%, with notable declines in major Chinese stocks such as Alibaba (-2.02%) and JD.com (-2.93%) [10]. Notable Stock Movements - Among major tech stocks, Nvidia fell by 3.96%, while Apple rose by 0.37%. Other significant declines included Tesla (-5.15%) and TSMC (-3.55%) [9].