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Wall of Worry Sends Wall St Sharply Lower

Tesla dropped 4.4% after Norway's wealth fund opposed Elon Musk's $1 trillion pay package as the megacap tech index fell 2.1%, amid warnings of a 10-15% market correction.

Summary by ABC Australia
The ASX looks set to buck a tech-inspired sell-down on Wall Street, after disappointing results for Palantir and concerns about an AI bubble drove a steep fall for US stocks. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

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  • 67% of the sources lean Right
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Investor's Business Daily broke the news in on Monday, November 3, 2025.
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