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Tech stocks fall again as NASDAQ drops 1.97%, while healthcare and other sectors gain.

Market News
03 Nov 2026, 12:40 WIB
Seeking Alpha
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Bearish
Tech stocks fall again as NASDAQ drops 1.97%, while healthcare and other sectors gain.

U.S. equity markets faced pressure with technology and growth stocks continuing to decline, exemplified by the NASDAQ 100 ETF falling 1.97% and the S&P 500 ETF down 0.56%. Communication Services and Technology sectors saw sharp losses of 5.32% and 2.03%, respectively. Meanwhile, value, defensive, and cyclical sectors showed resilience, with Health Care leading gains at 3.12%, followed by Materials, Utilities, Consumer Discretionary, and Industrials. This shift highlights a rotation away from growth-oriented stocks toward more stable sectors, signaling changing investor preferences amid market uncertainty.

ValuEngine Weekly Market Commentary provides context for market trends. For readers following U.S. stocks, here is Pluang's market snapshot as of Nov 03, 2026 17:31 WIB: Of 150 priced US stocks tradable on Pluang, 67 rose and 78 fell today. Notable movers include GRAB at USD 3.12 with a 1-day change of +9.09%, PLTR at USD 164.25 down 7.90%, and AAPL at USD 325.30 down 3.85%.

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