Nasdaq falls 5.3% in October... Elliott warns of bear market
Original headline나스닥 10월 5.3% 하락…엘리엇, 약세장 경고
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
The Nasdaq Composite fell 5.3% in October, its largest monthly decline since March 2025, while the Nasdaq-100 dropped 6.6% and the Magnificent Seven slid 4.7%, as weakness in mega-cap tech intensified scrutiny over whether AI infrastructure spending will translate into actual revenue and cash flow. The S&P 500 slipped just 0.9%, but the equal-weight S&P 500 rose 5.0%, the Dow Jones Industrial Average gained 1.8% and the Russell 2000 added 0.6%, with 9 of 11 S&P sectors advancing—signaling the pullback was concentrated in large-cap tech rather than broad market weakness. The divergence matters because it suggests rotation out of AI-linked megacaps rather than a systemic selloff, even as Elliott's bear-market warning and Tom Lee's mention of forced-selling risk (without identifying sellers) keep sentiment fragile.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Nasdaq, Nasdaq-100, Magnificent Seven, S&P 500, Russell 2000, Dow Jones Industrial Average, Tom Lee