On the evening of November 6 (Beijing Time), during the early trading session on Thursday, the U.S. stock market continued its downward trajectory. The Dow Jones Industrial Average, the Nasdaq Composite Index, and the S&P 500 Index all exhibited bearish trends.
Investors are keeping a close eye on the artificial intelligence (AI) sector. Although individual stocks in this sector have been valued highly, related stocks have managed to bounce back from the jitters caused by valuation concerns. This rebound could potentially inject positive momentum into the overall market.
The current trading landscape of U.S. stocks reveals that AI - concept stocks are garnering capital inflows after a period of correction. Moreover, the overall corporate performance across the market remains robust.
In the meantime, the market is also fixated on the latest happenings in Washington. The U.S. Supreme Court has cast doubts on the legality of Trump's tariff policies. There are potential rulings on the horizon that could overturn these policies, which, in turn, might drive up U.S. stock prices.
Turning to economic data, the number of announced layoffs in the United States in October saw a significant surge. It is anticipated that 2025 will be the worst year for layoffs since 2009, a situation that could potentially amplify the Federal Reserve's concerns regarding the job market.
Furthermore, there have been several notable corporate developments in the market. For instance, reports indicate that SoftBank once contemplated acquiring Marvell Technology. Additionally, Lyft expects its total bookings for the fourth fiscal quarter to surpass market expectations.
