WSJ Minute Briefing Stocks Tumble Amid Tech Selloff
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Nov 4, 2025 Wall Street is feeling the heat as tech stocks lead the market pullback, with the Nasdaq and S&P 500 taking noticeable hits. The VIX index surged over 10%, signaling increased market caution. Palantir's shares fell 8% despite reporting record revenue, illustrating market unpredictability. Meanwhile, Sarepta's stock plummeted nearly 34% after disappointing trial results. Pfizer also reported a dip in profits, attributing it to decreased demand for COVID-related products. It's a wild day on the trading floor!
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Tech-Led Pullback Raises Market Fear
- U.S. stocks fell in a tech-led sell-off with the Nasdaq down about 2 percent and the S&P 500 down 1.2 percent.
- The VIX jumped over 10 percent, signaling a meaningful rise in market fear after a rapid run-up since April.
Rate Cut Doubts Compound Vulnerability
- Investors worry stocks are vulnerable after a rapid run-up since April, increasing sensitivity to negative news.
- Indications the Federal Reserve may not cut rates next month added to the unease and market pullback.
Company Moves Trigger Sharp Stock Reactions
- Palantir's stock fell 8% despite reporting record third-quarter revenue and has more than doubled this year.
- Tesla shares dropped 5% after Norway's sovereign wealth fund rejected Elon Musk's new $1 trillion pay package.