Market close recap

Europe closed mixed – (Unchanged)

• 🇩🇪

  DAX

  ^GDAXI

  26,750

  ▼ 0.08%

  Down
• 🇫🇷

  CAC 40

  ^FCHI

  8,369

  ▲ 0.09%

  Up
• 🇪🇺

  Euro Stoxx 50

  ^STOXX50E

  6,387

  ▼ 0.19%

  Down

Wall Street closed lower ▼ (Down)

• 🇺🇸

  Nasdaq 100

  ^NDX

  27,944

  ▼ 1.22%

  Down
• 🇺🇸

  S&P 500

  ^GSPC

  7,562

  ▼ 0.40%

  Down
• 🇺🇸

  Dow Jones

  ^DJI

  52,348

  ▲ 0.10%

  Up

1. 1.

   Tech led Wall Street lower: the Nasdaq 100 fell 1.22% and the S&P 500 slipped 0.40%, while the Dow edged up 0.10%. Chip stocks slid, with $NVDA and $AMD among the weakest as investors reassessed the AI trade.

   • $NVDA
   • $AMD
2. 2.

   Nvidia said its board has not yet picked a search firm for a permanent replacement for Jensen Huang. Hong Kong's Hang Seng dropped 2.79% overnight as his exit weighed on Chinese tech shares.

   • $NVDA
3. 3.

   European indices ended roughly flat: the DAX fell 0.08%, the CAC 40 rose 0.09% and the Euro Stoxx 50 lost 0.19%. Japan's Nikkei 225 gained 0.53% earlier in the session.

4. 4.

   The US 10-year Treasury yield rose to 5.15%, up 1.00% on the day. Odds of a Federal Reserve rate hike in December are climbing, and Brent crude edged up 0.27% to 96.08.

5. 5.

   Investors are also watching the Anthropic IPO, with some warning it could pull money from Bitcoin. A Federal Reserve report flagged AI enthusiasm as driving overvaluation in US equities.