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progree

(12,497 posts)
Tue Mar 4, 2025, 11:04 AM Mar 2025

S&P 500 closed Tuesday 11/4 at 6772, down 1.2%.# Bitcoin briefly below $100k.# AI tech valuation worries # Shutdown

This discussion thread is pinned.

Last edited Tue Nov 4, 2025, 06:59 PM - Edit history (199)

Continuing the title line: Shutdown, at 35 days, ties the longest on record.

In the future I will only be doing these twice a week: Tuesday and Friday, unless it's really interesting.

10 Year TREASURY YIELD 4.09%, down 0.02 (about 2 weeks ago it fell to 3.98, its lowest point since April. Dunno what's caused the surge).
https://finance.yahoo.com/quote/%5ETNX/

Bitcoin: down 5.0% to $101,167

Market news of the day, Monday 11/3: https://finance.yahoo.com/
https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-slide-as-tech-hit-on-ai-valuation-fears-bitcoin-dips-below-100k-210110391.html

Stock market today: Dow, S&P 500, Nasdaq slide as tech hit on AI valuation fears, bitcoin dips below $100K, Yahoo Finance, 11/4/25

Scroll down to see earlier in the day reports

US stocks tumbled on Tuesday as doubts about high-running AI valuations preyed on investors sifting through the latest flurry of quarterly earnings, who received a fresh warning from top CEOs.

Cryptocurrencies tumbled, as bitcoin (BTC-USD) briefly fell below $100,000 to its lowest level since June, with strategists citing concerns over waning liquidity amid the ongoing government shutdown.

Wall Street is growing nervous that companies aren't performing well enough to justify their high-riding market valuations, prompting big bank CEOs to flag a likely correction ahead. Palantir (PLTR) shares dropped nearly 9% despite solid quarterly results as analysts questioned the stock's lofty price-to-earnings ratio. Skepticism is now seeping in about the staying power of this year's tech-driven rally, even as earnings come in strong.

. . . Eyes are now on chipmaker AMD's (AMD) report after market close, with focus on its massive AI deals. Spotify (SPOT) and Supermicro (SMCI) are also on the docket.

Investors are also keeping their eyes on potential developments in Washington, as the US government shutdown enters its 35th day to equal the record for the longest in history.


Coming up, non-government reports:

ADP payroll employment - Wednesday
UMich Consumer sentiment (prelim) - Friday


=============================================
The S&P 500 closed Tuesday November 4 at 6772, down 1.2% for the day,
and up 17.1% from the 5783 election day closing level,
and up 12.9% from the inauguration eve closing level,
and up 15.1% year-to-date (since the December 31 close)

S&P 500
# Election day close (11/5/24) 5783
# Last close before inauguration day: (1/17/25): 5997
# 2024 year-end close (12/31/24): 5882
# Trump II era low point (going all the way back to election day Nov5): 4983 on April 8

# Several market indexes: https://finance.yahoo.com/
# S&P 500: https://finance.yahoo.com/quote/%5EGSPC/
https://finance.yahoo.com/quote/%5EGSPC/history/

========================================================

I'm not a fan of the DOW as it is a cherry-picked collection of just 30 stocks that are price-weighted, which is silly. It's as asinine as judging consumer price inflation by picking 30 blue chip consumer items, and weighting them according to their prices. But since there is an automatically updating embedded graphic, here it is. It takes several, like 6 hours, after the close for it to update, like about 10 PM EDT.
(If it still isn't updated, try right-clicking on it and opening in a new tab. #OR# click on https://finance.yahoo.com/quote/%5EDJI/ ).

The Dow closed Monday at 47,337, and it closed Tuesday at 47,085, a drop of 0.5% (251 points) for the day

I don't maintain statistics for the DOW like percent up or down since election day, or year-to-date, or from the all-time high etc. like I do for the S&P 500.

https://finance.yahoo.com/
DOW: https://finance.yahoo.com/quote/%5EDJI/
. . . . . . https://finance.yahoo.com/quote/%5EDJI/history/

DOW
# Election day close (11/5/24) 42,222
# Last close before inauguration day: (1/17/25): 43,488
# 2024 year-end close (12/31/24): 42,544

DJIA means Dow Jones Industrials Average. It takes about 6 hours after the close to update, so check it after 10 PM EDT. Sometimes it takes a couple days (sigh)



I don't have an embeddable graph for the S&P 500, unfortunately, but to see its graph, click on https://finance.yahoo.com/quote/%5EGSPC/

While I'm at it, I might as well show Oil and the Dollar:

Crude Oil


US Dollar Index (DX-Y.NYB)


If you see a tiny graphics square above and no graph, right click on the square and choose "load image". There should be a total of 3 graphs. And remember that it typically takes about 6 hours after the close before these graphs update.
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S&P 500 closed Tuesday 11/4 at 6772, down 1.2%.# Bitcoin briefly below $100k.# AI tech valuation worries # Shutdown (Original Post) progree Mar 2025 OP
Kicking for the milestone update - S&P 500's first close below the election day close. How major indexes fared: progree Mar 2025 #1
Kicking: update for Thurs. March 6 close. The "Trump Trade" is back underwater after losing 1.8% for the day (S&P 500) progree Mar 2025 #2
Kicking: Update: S&P 500 closed Friday at 5770, up 0.5% for the day but still below the election day close progree Mar 2025 #3
Update: S&P 500 closed Monday 3/10 at 5615, down 2.7% for the day and 2.9% below the election day close progree Mar 2025 #4
Update: S&P 500 closed Tuesday 3/11 at 5572, down 0.8% for the day, briefly fell into correction territory progree Mar 2025 #5
S&P 500 closed Wednesday 3/12 at 5599, up 0.5% for the day, but down 3.2% since election day progree Mar 2025 #6
Update: S&P 500 closed Thursday at 5522, down 1.4% for the day, and MORE THAN 10% down from the all-time high progree Mar 2025 #7
Update: S&P 500 closed Friday at 5639, up 2.1% for the day, and down 2.5% since election day progree Mar 2025 #8
Update: S&P 500 closed Monday at 5675, up 0.6% for the day, and down 1.9% since election day progree Mar 2025 #9
Update: S&P 500 closed Tuesday at 5615, down 1.1% for the day, and down 2.9% since election day progree Mar 2025 #10
S&P 500 closed Tuesday 3/25 at 5777, up 0.2% for the day, down 0.1% since election day, down 6.0% from ATH progree Mar 2025 #11
S&P 500 closed Wednesday 4/02 at 5671, up 0.7% for the day, down 1.9% since election day, down 7.7% from ATH progree Apr 2025 #12
We're nearing the top. Arizona78 Jul 2025 #13
Krugman Arizona78 Jul 2025 #14

progree

(12,497 posts)
1. Kicking for the milestone update - S&P 500's first close below the election day close. How major indexes fared:
Tue Mar 4, 2025, 04:11 PM
Mar 2025

Last edited Tue Mar 4, 2025, 04:51 PM - Edit history (1)

How major US stock indexes fared Tuesday, AP, 3/4/2025
https://finance.yahoo.com/news/major-us-stock-indexes-fared-211928579.html

Here's the Year-to-date ones from the article:
# S&P 500: down 1.8%
# Dow: down 0.1%
# Nasdaq down: 5.3%
# Russell 2000 (the small caps): down 6.8%

Not in the article is that the S&P 500 is down 5.9% from its all time closing high of 6144 on Feb 19.

progree

(12,497 posts)
2. Kicking: update for Thurs. March 6 close. The "Trump Trade" is back underwater after losing 1.8% for the day (S&P 500)
Thu Mar 6, 2025, 04:44 PM
Mar 2025

See OP for the statistics.

progree

(12,497 posts)
3. Kicking: Update: S&P 500 closed Friday at 5770, up 0.5% for the day but still below the election day close
Fri Mar 7, 2025, 05:35 PM
Mar 2025

See OP for details

progree

(12,497 posts)
4. Update: S&P 500 closed Monday 3/10 at 5615, down 2.7% for the day and 2.9% below the election day close
Mon Mar 10, 2025, 03:20 PM
Mar 2025

see OP for details.

progree

(12,497 posts)
5. Update: S&P 500 closed Tuesday 3/11 at 5572, down 0.8% for the day, briefly fell into correction territory
Tue Mar 11, 2025, 03:22 PM
Mar 2025

Details in OP.

progree

(12,497 posts)
6. S&P 500 closed Wednesday 3/12 at 5599, up 0.5% for the day, but down 3.2% since election day
Wed Mar 12, 2025, 04:20 PM
Mar 2025

See OP for details, and a graph of the DOW.

progree

(12,497 posts)
7. Update: S&P 500 closed Thursday at 5522, down 1.4% for the day, and MORE THAN 10% down from the all-time high
Thu Mar 13, 2025, 03:19 PM
Mar 2025

Details in the OP.

progree

(12,497 posts)
8. Update: S&P 500 closed Friday at 5639, up 2.1% for the day, and down 2.5% since election day
Fri Mar 14, 2025, 03:23 PM
Mar 2025

Details in the OP.

progree

(12,497 posts)
9. Update: S&P 500 closed Monday at 5675, up 0.6% for the day, and down 1.9% since election day
Mon Mar 17, 2025, 04:48 PM
Mar 2025

Details in OP.

progree

(12,497 posts)
10. Update: S&P 500 closed Tuesday at 5615, down 1.1% for the day, and down 2.9% since election day
Tue Mar 18, 2025, 03:16 PM
Mar 2025

Details in OP.

progree

(12,497 posts)
11. S&P 500 closed Tuesday 3/25 at 5777, up 0.2% for the day, down 0.1% since election day, down 6.0% from ATH
Tue Mar 25, 2025, 09:03 PM
Mar 2025

Details in OP. ATH is All Time High. I don't kick this every market day, but it's been several days, and it's gotten well down on the listings, so I decided to kick it. It looks like the Trump slump since election day is about at an end, only 0.1% down since election day, and with 3 straight market days of gains. Since inauguration day, its down 3.7%.

progree

(12,497 posts)
12. S&P 500 closed Wednesday 4/02 at 5671, up 0.7% for the day, down 1.9% since election day, down 7.7% from ATH
Wed Apr 2, 2025, 03:46 PM
Apr 2025

ATH is All Time High. Details in OP including more comparisons like down 5.4% since pre-inauguration day, and down 3.6% year-to-date.

I don't kick this every market day, but it's been several days, and it's gotten well down on the listings, so I decided to kick it. Note this closing is moments before the announcement of "Liberation Day" tariffs, so it's a good benchmark to compare to what follows in the next few days.

Arizona78

(8 posts)
13. We're nearing the top.
Fri Jul 4, 2025, 02:09 AM
Jul 2025

Trump’s bill could soon trigger a repo market crisis and push America and much of the world—toward bankruptcy. Something massive is on the horizon. Get ready.

Arizona78

(8 posts)
14. Krugman
Fri Jul 4, 2025, 02:21 AM
Jul 2025

Paul Krugman is deeply concerned about the uncontrolled rise in debt, which could sharply push up interest rates leading to bankruptcy.

https://paulkrugman.substack.com/p/trumps-big-beautiful-debt-bomb

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