US markets today: Wall Street trades mixed as rally pauses; Nvidia slides after SoftBank stake sale

Wall Street witnessed mixed trading on Tuesday, cooling off after Monday’s sharp rally that followed a week of losses. The S&P 500 slipped 0.2% in early trading, the Dow Jones Industrial Average added 73 points, while the tech-heavy Nasdaq fell 0.5%.

Despite the pullback, all three major indexes remained close to record highs, AP reported. Nvidia shares dropped 2% after Japan’s SoftBank Group said it sold its entire stake in the AI chipmaker last month for $5.83 billion, weighing on sentiment in the artificial intelligence space. SoftBank shares also declined 2% in Tokyo. The sell-off followed a nearly 6% surge in Nvidia stock a day earlier that had helped drive Monday’s rebound. Analysts said investor mood remains fragile amid concerns that AI-driven valuations may have run too far, echoing comparisons to the early 2000s dot-com bubble. “Sentiment is everything,” said Ipek Ozkardeskaya of Swissquote, adding that “if investors are in a good mood, they interpret the news positively; if not, they turn cautious quickly.” Investors are also tracking signs of progress on ending the US government shutdown and speculating that the Federal Reserve may cut interest rates soon.

Elsewhere, Paramount Skydance gained 4.2% in after-hours trading after raising its 2026 cost-cutting goal to $3 billion, even as it missed profit and revenue estimates. In Europe, major indices traded higher — France’s CAC 40 gained 0.8%, the UK’s FTSE 100 rose 0.7%, and Germany’s DAX added 0.1%. In Asia, markets ended mixed with Japan’s Nikkei slipping 0.1%, Hong Kong’s Hang Seng up 0.2%, and India’s Sensex gaining 0.4%. Brent crude rose 43 cents to $64.49 a barrel, while US benchmark oil added 35 cents to $60.38. The US bond market remained closed for Veterans Day.