The market faced fluctuations, tech stock overvaluation, and data center debates, leading major indices to close in the red. S&P 500 dropped 1.6%, Nasdaq Composite fell 3%, Dow Jones Industrial declined 1.2%, and Russell 2000 was down 1.9%. Gold prices rose above $4000, with a 0.3% gain. Vix CBOE Volatility Index closed at 19, up 9%.

The National Association of Realtors reported a rise in median home prices in 77% of metro areas despite a decline in sales. Job cuts surged, with 153,074 announced in October, up 175% from last year. Government shutdown impacts continue, affecting sectors like airlines, while SNAP benefits lapsed. Political history was made with Zohram Mamdani and Abigail Spanberger’s wins.

Expedia Group stock surged 17.6% after strong Q3 earnings, with gross bookings up 12% and revenue up 9%. Take-Two Interactive’s stock fell 8% due to GTA VI release delay. Musk’s $1 trillion pay package approval caused Tesla’s stock volatility. Tesla announced Full Self-Driving software approval in China and second-generation Roadster unveiling.

Read more at Yahoo Finance: Musk’s trillion-dollar ambition, Expedia, GTA VI, and government shutdown