The Dow Jones fell 1%, the S&P 500 dropped 0.8%, and the Nasdaq slid 1.2%.
Market breadth was slightly positive as the small-cap Russell 2000 index gained 0.3%.
Nvidia shares broke below key levels on Tuesday. Nvidia’s (NVDA) earnings report late Wednesday will have a major impact on chip giants such as AMD (AMD), Taiwan Semiconductor (TSM), and Broadcom (AVGO), as well as the broader AI ecosystem and the overall market’s growth momentum.
Pharmaceuticals, biotechnology, and several other healthcare sectors are showing strong performance, while some other sectors are holding up relatively well. Many technology stock charts appear broken, with several others under pressure. Investors should limit exposure to technology stocks at current levels unless holding them for the long term.
BLS announces release dates for PPI, import/export price indexes
The Bureau of Labor Statistics said on Tuesday that it will release the delayed September Producer Price Index and the import/export price index within the next two weeks.
The delay is due to the 43-day U.S. government shutdown, which disrupted data collection.
The PPI will be released on November 25 at 8:30 a.m.; the import/export price index will be reported on December 3 at 8:30 a.m.
The September employment report will be released on November 20, and real income for September on November 21.
The Bureau of Economic Analysis plans to publish U.S. international trade in goods and services data for August on November 19.
Google accelerates the AI race with Gemini 3 – upgraded interface and agent intelligence
Google has begun rolling out Gemini 3, its latest AI model, during a week filled with major chatbot updates.
CEO Sundar Pichai calls Gemini 3 the best multimodal model yet, featuring the strongest agentic encoding and reasoning capabilities to date.
Gemini 3 can quickly understand user intent and turn ideas into results with minimal prompting.
Gemini 3 Pro is launching globally today; users must select the “Thinking” mode from the model picker. Google AI Plus/Pro/Ultra subscribers receive higher usage limits, and U.S. college students get one free year of AI Pro.
Gemini 3 improves reasoning, introduces a more adaptive interface, and adds Gemini Agent for complex multi-step tasks; Ultra members receive priority access to the Agent.
The Gemini app features a new intuitive layout and dynamic view.
Chatbot competition is intensifying: xAI released Grok 4.1, OpenAI launched ChatGPT-5.1, and Alibaba updated Qwen this week.
