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Dow falls 450 points as Goldman Sachs, Morgan Stanley CEOs warn of market correction after AI boom
New York Post·2025-11-04 23:16

US stocks fell Tuesday as the CEOs of Goldman Sachs and Morgan Stanley warned that markets are due for a correction – adding to investor fears that AI stocks have become overvalued. The Dow Jones Industrial Average plunged 450 points, or 1%, while the S&P 500 and Nasdaq slid 1.2% and 1.7%, respectively.“It’s likely there’ll be a 10 to 20% drawdown in equity markets sometime in the next 12 to 24 months,” Goldman Sachs CEO David Solomon said Tuesday at a financial summit in Hong Kong.  4 US stocks fell Tues ...