Market swings hit highest level since April 2025 as Nvidia's CEO departs
Wall Street is swinging wildly with the Nasdaq 100 moving an average of 2.4 per cent per day in November, the largest daily moves since tariff turmoil last year.
Reported by The Sydney Morning Herald
ShareWhy it matters
This volatility makes it hard to make money safely and easy to lose it fast, whether you are trading or saving for retirement.
In Australia. Australian investors with superannuation or share portfolios are exposed to these swings through their holdings in US companies and international funds.
Key facts
- 2.4 per cent
- Nasdaq 100 daily swing
- 1.6 per cent
- S&P 500 daily swing
- 13 per cent
- Nvidia share price fall
- nearly 28 basis points
- Treasury yield move this month
- Markets are in turmoil across nearly all asset classes.
- The S&P 500 is moving 1.6 per cent a day on average in November, while the Nasdaq 100 is swinging even more at 2.4 per cent daily.
- The S&P 500 and Nasdaq 100 mark the biggest average daily moves since April 2025.
- Nvidia's share price fell 13 per cent after its longtime CEO departed, shaking confidence in the artificial intelligence boom.
- Bond yields have lurched up and down, oil prices have surged and then dipped, and even conservative investment funds have endured violent reversals.
- Three things are driving the chaos: inflation fears keep upending bets on what the US Federal Reserve will do, tensions with Iran keep jolting oil prices, and confidence in the AI boom remains shaky.
- Yet investors keep pouring billions into the market through both index funds and risky leveraged bets, betting on fast rebounds.
