Stock Market Today: Nasdaq Drops 0.2%, Tesla Stock Down 3.7%, Gold Price Hits $4,005
By William Collins, consultant in stock markets – Eurasia Business News, November 7, 2025. Article no. 1888.
Tech Sector Weakness and Market Movements
The Nasdaq Composite index [finance:Nasdaq Composite Index] declined by 0.2%, closing at 23,004.54 points. The Dow Jones Industrial Average [finance:Dow Jones Industrial Average] rose 74.78 points, or roughly 0.16%, finishing at 46,987.09. Following a volatile session, the S&P 500 [finance:S&P 500] edged up 0.1% to end near 6,728.80 after spending much of the day in negative territory.
Tesla Decline Amid AI Valuation Concerns
Tesla [finance:Tesla, Inc.] shares fell sharply by 3.7%, closing at approximately $429.52. The drop followed a wider sell-off in technology stocks as investors reacted to growing concerns over AI stock valuations and Tesla CEO Elon Musk’s $1 trillion compensation package. This downturn contributed to the Nasdaq suffering its worst weekly performance since April.
Cautious Consumer Sentiment
Investors remained wary as uncertainty around consumer confidence and the broader economy persisted. While the Dow and S&P 500 posted minor gains, pressure on major tech names weighed on overall market sentiment.
Gold and Silver Gain on Safe-Haven Demand
Amid equity market volatility, gold prices climbed to $4,005 per ounce, reflecting renewed investor appetite for safe-haven assets. Silver also strengthened, supported by expectations of forthcoming interest rate cuts from the Federal Reserve and lingering global economic uncertainty.
"Gold: Build Your Wealth and Freedom."
Author’s Summary
Markets were mixed as tech stocks slid and safe-haven metals rallied, highlighting investor caution amid rising uncertainty over AI valuations and consumer confidence.