MRKT Matrix Nasdaq Suffers Worst Week Since April
Nov 7, 2025
The Nasdaq faces its toughest week since April, driven down by AI stock declines and fears of an economic slowdown. A looming government shutdown adds to market uncertainty, affecting food aid and travel. Consumer sentiment hits a record low, while China's exports unexpectedly drop. An expert suggests the recent tech pullback is healthy after a significant rebound. Meanwhile, Microsoft aims for superintelligence, and phone buyers seem to favor hardware over AI features.
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Nasdaq Pullback Fueled By AI And Shutdown Fears
- The Nasdaq fell 3% this week driven by AI stock losses and recession fears amid the shutdown.
- Major tech names like NVIDIA, Oracle, AMD, and Tesla led the decline, marking the worst five-day stretch since April.
Shutdown's Broader Economic Ripple Effects
- The government shutdown is disrupting travel, food aid, and the delivery of official labor data.
- Analysts use private sources showing slower hiring, higher layoffs, and fewer job openings, especially at small businesses.
Consumer Sentiment Near Record Lows
- Consumer sentiment plunged, with the University of Michigan index at 50.3 — near historic lows.
- Lower-income households feel the strain most, but even wealthier consumers grew less optimistic despite earlier stock gains.