Thu 13 Nov: After the Bell🔒

Your 5’ evening market wrap 📄📈

Indices + LargeCaps + FX + Treasuries + Commodities tables on the ‘Market Data’ post.

Good evening,

Markets plunged on Thursday, as a sharp equity sell-off was fueled by growing concerns over lofty AI-driven valuations and a repricing of interest-rate expectations. Investors continued to unload major technology names, particularly those tied to the artificial-intelligence trade, amid worries about stretched multiples and surging capital-expenditure plans.

The Nasdaq Composite fell below its 50-day moving average during the session, triggering algorithmic selling and marking its worst day in four weeks. The VIX volatility index jumped three points to 20.4%, its highest close in a month.

The downturn came as the US government reopened after a record-long 43-day shutdown. With much of the optimism already priced in, markets followed a familiar “buy the rumour, sell the fact” pattern after Trump signed the funding bill into law late Wednesday, following a 222–209 House vote.

The day also brought weak corporate earnings, while traders turned more pessimistic on the interest-rate outlook. Treasury yields climbed, and the probability of a December Fed rate cut fell below 50%, as the central bank continues to operate without key data such as the October jobs and inflation reports.