Today At A Glance:

Stocks sank broadly, posting one of the worst sessions since April as investors questioned stretched AI valuations and pared back expectations for near-term Fed rate cuts. The S&P 500 fell 1.7%, the Dow lost 1.7%, and the Nasdaq dropped 2.3% by the close. AI-linked names (Nvidia, Super Micro Computer, Palantir) led declines, while a handful of earnings/ deal stories bucked the trend. Disney slid after a revenue miss, but Sealed Air jumped on private-equity chatter and Cisco rose on a stronger outlook. Treasury yields ticked higher, adding pressure to growth shares.

Today’s Index Performance:

• Dow Jones Industrial Average — The Dow opened today at 48,173.92 and closed at 47,457.22, for −1.65% on the day.
• S&P 500 — The S&P 500 opened today at 6,826.47 and closed at 6,737.49, for −1.66% on the day.
• Nasdaq Composite — The Nasdaq opened today at 23,262.65 and closed at 22,870.36, for −2.29% on the day.

Gainers Of Note:

• Sealed Air (NYSE: SEE) – Packaging maker (Bubble Wrap, etc.); +~19% after reports it’s in talks to be taken private by Clayton, Dubilier & Rice.
• Cisco Systems (NASDAQ: CSCO) – Networking hardware & software; +~4–7% after beating earnings and lifting its full-year profit outlook.
• JD.com (NASDAQ: JD) – China e-commerce platform; +~4% on better-than-expected retail revenue growth that eased macro worries.

Losers Of Note:

• Walt Disney (NYSE: DIS) – Media & entertainment; −~7–9% after revenue came in light, with linear TV weakness weighing on results.
• Flutter Entertainment (NYSE: FLUT) – Online sports betting & gaming (FanDuel parent); −~11% after cutting full-year revenue and adjusted EBITDA guidance.
• WEBTOON Entertainment (NASDAQ: WBTN) – Online comics platform; −~25% after projecting a Q4 revenue decline.

Active Traders Of Note:

• Nvidia (NASDAQ: NVDA) – AI GPUs & platforms; heavy volume as shares fell ~3–4% amid the broader AI valuation shakeout.
• Super Micro Computer (NASDAQ: SMCI) – AI servers; −~7% on strong turnover as investors rotated out of high-beta AI hardware.
• Palantir (NYSE: PLTR) – AI/analytics software; −~6% on brisk trading as sentiment cooled toward richly valued AI names.

Looking Forward:

With odds of a December rate cut fading, tomorrow’s tone may hinge on fresh Fed speak and whether yields stabilize. Traders will watch if today’s AI selloff triggers further de-risking or attracts buyers to leaders with solid fundamentals. Deal headlines (like SEE) and late-season earnings could continue to create idiosyncratic winners even if indexes remain choppy.

THIS NEWSLETTER IS PARTNERED WITH ROBINHOOD.COM AND IS FINANCIALLY SPONSORED BY THAT SERVICE.

TO BEGIN YOUR INVESTMENT JOURNEY TODAY, USE THIS LINK TO SET UP YOUR ACCOUNT.