Daily Market Updates: Big tech’s AI binge is sinking the market. Can Santa save it?

S&P 5007,580.07▼1.8% Nasdaq25,437.00▼2.9% Dow51,770.31▼1.1% Russell 2K2,811.84▼1.7% 10-Yr4.93%−6bp VIX19.42+2.22 WTI$102.95▲0.9% Gold$3,884.90▼3.6% EUR/USD1.118▲0.2% BTC$77,436▲1.0% Nikkei64,659▲1.1%

At close · Sat, Oct 31, 2026

Global Markets

Home›Global Markets›North America›Big tech’s AI binge is sinking the market. Can Santa s…

Big tech’s AI binge is sinking the market. Can Santa save it?

Reported · Written up by our desk · North America

Stocks are sputtering as the tech trade loses steam. Rebounding from here, however, will be tricky.

← Newer storyApple's quarter is not perfect. But with enough to like, we raised ou…Older story →Apple’s iPhone business is booming. Here’s why the stock is falling a…

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Sources

LiveMint MarketsBig tech’s AI binge is sinking the market. Can Santa save it?

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