Stock Market Today: Nasdaq Drops 0.2%, Tesla stock Down 3.7% ; Gold price Hit $4,005

Stock Market Today: Nasdaq Drops 0.2%, Tesla Stock Falls 3.7%

By William Collins, consultant in stock markets – Eurasia Business News, November 7, 2025. Article no 1888

Market Overview

The Nasdaq Composite index declined by 0.2%, closing at 23,004.54 points. Despite this, the Dow Jones Industrial Average (DJIA) increased by 74.78 points, or 0.16%, finishing at 46,987.09. The S&P 500 edged up slightly by about 0.1% to close near 6,728.80 after fluctuating below its starting level during the day.

Investor Concerns and Sector Performance

Market movement reflected ongoing concerns about consumer confidence and a sell-off in the tech sector. Tesla's stock experienced a sharp drop of 3.7%, closing around $429.52, driven by worries over AI stock valuations and investor reactions to CEO Elon Musk’s $1 trillion compensation package.

This decline was part of a tough week for the Nasdaq, marking its worst performance since April. Other major technology stocks also faced significant pressure.

Safe-Haven Assets Gain Amid Uncertainty

While the Nasdaq struggled, gold and silver prices rose, supported by economic uncertainty and expectations of future Federal Reserve interest rate cuts. This surge reflected increased demand for safe-haven assets as investors awaited clearer economic signals.

"Tesla stock declined significantly by about 3.7%, closing at approximately $429.52, amid a broader tech sell-off influenced by concerns over AI stock valuations and investor reactions to Tesla CEO Elon Musk’s $1 trillion pay package."
"Gold and silver prices showed gains reflecting safe-haven demand supported by economic uncertainty and expectations of upcoming interest rate cuts by the Federal Reserve."

Summary: The Nasdaq dropped 0.2% driven by tech sector sell-offs and consumer confidence worries, while gold prices rose as investors sought security amid economic uncertainty.

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Eurasia Business News Eurasia Business News — 2025-11-08

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