AI Stocks Prop Up S&P 500 as Broader Market Declines
Amazon and Nvidia gains on November 3 masked market weakness, as the Dow Jones Industrial Average fell 226 points.
A Divergent Market
U.S. stock markets diverged on November 3, 2025, as massive gains in a few artificial intelligence-related companies masked broader market weakness. The S&P 500 rose 0.2% and the Nasdaq composite climbed 0.5%. These gains were deceptive. The majority of stocks in the S&P 500 sank, and the Dow Jones Industrial Average fell 226 points, or 0.5%. AP reported the market was "propped up" by "AI darlings." Nvidia (NVDA) was the strongest force lifting the S&P 500, rising 2.2% to bring its year-to-date gain to 54.1%. The second-largest contributor was Amazon (AMZN), which rallied 4.0% to a …
Archive Access
This article is older than 24 hours. Create a free account to access our 7-day archive.