Its shares fell Wall Street on Thursday (13.11.2025), with the shares technology to be pressured for another day. Investors also turned pessimistic about the outlook for interest rates.
In particular, Wall Street’s Dow Jones Industrial Average lost 797.60 points, or 1.65%, and closed at 47,457.22 points, far from the records set in the previous session. At the same time, the S&P 500 lost 1.66% and closed at 6,737.49 points. The broad index saw significant declines in the communications services sector, with Disney leading declines of nearly 8% on the company’s mixed fiscal fourth-quarter results, as well as in the information technology sector.
The Nasdaq Composite also fell 2.29% to close at 22,870.36. All three major averages, as well as the Russell 2000 small-cap index, suffered their worst day since Oct. 10.
Investors continued to sell shares of tech companies, especially those in the artificial intelligence sector, amid concerns about their valuations. Despite the Nasdaq’s strong start to the week, the tech-heavy index posted its third straight day of losses on Thursday, weighed down by heavy shares of Nvidia, Broadcom and Alphabet.
“Consolidation looks normal to me,” Ron Albahary, chief investment officer at Laird Norton Wealth Management, told CNBC, calling the day’s decline “healthy.” “Part of the AI narrative, I think, is that at some point all of this [τα κεφαλαιουχικά έξοδα] will manifest in practice. Its benefits will play out in the wider economy, so if you start looking at healthcare and manufacturing, industries are starting to really benefit from AI, which supports the general narrative that AI capital spending will boost productivity across the board.”
The sudden shift in interest rate cut expectations also weighed on stocks. Markets estimated there was more than a 51% chance that the U.S. Federal Reserve, which is based on economic data, will actually cut its key lending rate by a quarter of a percentage point at its final meeting of the year in December. That marks a sharp drop from the 62.9% that markets were estimating a day ago, according to the CME FedWatch Tool.