2025-11-14
13 分钟Stocks continue to slide this morning following yesterday's sell-off on Wall Street as fears over tech stocks and missing data take hold.
We've had this extraordinary run-up in risky assets of all sorts this year so you could say that we were priced at something close to perfection and so it doesn't take much of a shift in mood for things to start coming back a bit.
plus U.S.
Customs and Border Protection agents set their sights on North Carolina.
And we look at why next year's graduates face the worst job market in five years.
It's Friday, November 14th.
I'm Kate Bulevant for The Wall Street Journal and here is the AM edition of What's News,
the top headlines and business stories moving your world today.
Stock futures and markets around the world are down this morning, continuing yesterday's sell-off.
Relief on Wall Street following the end of the government shutdown has given way to fears about whether a flood of delayed economic data could swing markets and upend bets on a December interest rate cut.
US stocks posted their worst day in a month yesterday,
with investors continuing to dump tech stocks,
while Bitcoin extended a recent fall, hitting its lowest level in about six months.
Here's Deputy Finance Editor Quinton Webb.
The market has run up so much this year and tech stocks in particular have rallied so hard that now there has come into focus this question about whether valuations are excessive.
We are now, by some measures, back to sort of .com era style valuations.
And there is a concern that
if some of the promise of AI doesn't come to fruition or it doesn't come to fruition as quickly
as people are hoping,
some of the huge amounts that tech companies are starting to spend on data centers and other AI initiatives may not deliver acceptable returns.