Archive · 16 Nov 2025
Tech Selloff Deepens, Nasdaq Futures Fall Amid Fed Rate Cut Uncertainty
The stock market, especially for technology companies, is having a tough time.
Imagine many popular video game consoles suddenly becoming less popular.
Big companies like Tesla, Nvidia, and AMD are seeing their value drop, pulling down the overall market indexes.
People are worried because they're not sure if the people in charge of the country's money (the Federal Reserve) will lower the cost of borrowing money soon.
This is because prices are still a bit high, so the Fed might wait longer.
There's also a global agreement to lower taxes on things bought between the U.S. and Switzerland.
Some companies had specific news: one that sells tickets, StubHub, dropped a lot because they didn't share their future plans.
Another company, Warner Bros.
Discovery, went up because other big companies might want to buy it.
A company that makes machines for computer chips, Applied Materials, warned that spending on these machines in China might go down.
Tech stocks experienced a significant selloff, with Nasdaq futures moving lower and major U.S. indexes dropping over 1%.
Tesla, Nvidia, and Advanced Micro Devices shares tumbled, contributing to the tech sector's decline.
Uncertainty grew regarding the Federal Reserve's interest rate cut plans, with market expectations for a September cut falling to around 50%.
The U.S. and Switzerland agreed in principle to reduce tariffs on imports, while StubHub shares plunged on a lack of future guidance.
Warner Bros. Discovery stock rose on takeover bid reports, contrasting with Applied Materials' cautious outlook on China's equipment spending.
- Who
- Wall Street investors, traders, Federal Reserve officials, Tesla, Nvidia, Advanced Micro Devices, Applied Materials, Warner Bros. Discovery, StubHub, U.S. Trade Representative Jamieson Greer, and officials from Switzerland.
- What
- A deepening tech selloff led to lower Nasdaq futures and declines in major U.S. stock indexes. Concerns over Federal Reserve interest rate cut pace and high tech valuations resurfaced. An agreement was reached between the U.S. and Switzerland to curb tariffs on imports.
- When
- Thursday (and looking ahead to September and 2025/2026 for forecasts).
- Where
- U.S. stock markets (Wall Street), with mention of overseas market trends and China's wafer fab equipment spending.
- Why
- Renewed concerns about high tech valuations and uncertainty about the Federal Reserve's pace of interest-rate cuts, coupled with specific company news affecting individual stocks.
Concerns about Fed Policy
Positive Developments
Interest Rate Decisions
Concerns about Fed Policy
Market expectations for a Federal Reserve interest-rate cut in September are uncertain, with the chance slipping to around 50% from 67% last week. This is due to lingering uncertainty about whether the Fed will slow its pace of rate cuts.
Positive Developments
Futures indicated a sharply higher open for stocks after remarks (specific remarks not detailed). The U.S. and Switzerland have reached an agreement in principle to reduce tariffs on imports.
Tech Sector Performance
Concerns about Fed Policy
All major U.S. stock indexes were down 1% or more, with Nasdaq futures moving lower. Tesla shares were trading 4% lower, and Nvidia and Advanced Micro Devices also tumbled. Applied Materials shares were down 7% due to a cautious tone on expected lower wafer fab equipment spending in China for 2026.
Positive Developments
Warner Bros. Discovery stock was surging 2.5% on reports of takeover bids from competitors like Paramount Skydance, Comcast, and Netflix.
- Nasdaq Futures Movement
- Lower
- Major U.S. Stock Indexes Performance
- Down 1% or more
- Tesla Share Performance
- Trading 4% lower
- Nvidia and AMD Performance
- Tumbled
- Cboe Volatility Index (VIX)
- Surged above 22
- US-Switzerland Tariff Agreement
- In principle to reduce tariffs on imports
- StubHub Share Performance
- Plunged about 30%
- Warner Bros. Discovery Share Performance
- Surging 2.5%
