---
title: "US Market Update: Stocks Drop as Amazon, Tesla & Google Fall"
slug: us-stocks-fall-october-update
date: 2025-02-08
modified: 2026-04-07
author: Prajwal Khairnar
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meta_description: "The three major U.S. indexes closed lower today. Amazon fell over 4%, while Tesla and Google lost more than 3%. See what drove the market down."
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og_title: "US Market Update: Stocks Drop as Amazon, Tesla & Google Fall"
og_description: "The three major U.S. indexes closed lower today. Amazon fell over 4%, while Tesla and Google lost more than 3%. See what drove the market down."
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---

# Global Market Update: The three major U.S. stock indexes closed down collectively, Amazon fell more than 4%, Tesla and Google fell more than 3%

#### **U.S. Stock Market**

The three major U.S. stock indexes closed lower collectively. The **Dow Jones Industrial Average** fell **444.23 points** (-0.99%) to **44,303.40**. The **S&P 500** dropped **57.58 points** (-0.95%) to **6,025.99**, while the **Nasdaq Composite** declined **268.59 points** (-1.36%) to **19,523.40**.

Large-cap technology stocks saw widespread losses:

- **Amazon** fell more than **4%**, marking its biggest one-day drop since December 18, 2024.
- **Tesla** and **Google** declined over **3%**, while **Apple** slipped more than **2%**.
- **Microsoft** and **Intel** dropped over **1%**, while **Netflix** saw a slight decline.
- **Nvidia** and **Meta** posted slight gains.

Tesla has now fallen nearly **11% this week**, marking its worst weekly performance since October 2024.

On the other hand, Chinese stocks performed well, with the **Nasdaq China Golden Dragon Index** rising **1.34%**.

- **Futu Holdings** surged over **8%**, while **Tiger Securities** gained over **6%**.
- **Li Auto** and **Alibaba** rose more than **4%**.
- **iQIYI** gained over **3%**, while **Bilibili** and **Pinduoduo** rose over **2%**.

#### **European Stock Market**

The three major European stock indexes also ended the day lower:

- **FTSE 100 (London):** **8,700.53** (-0.31%)
- **CAC 40 (Paris):** **7,973.03** (-0.43%)
- **DAX (Frankfurt):** **21,787.00** (-0.53%)

#### **Commodity Market**

Oil and gold prices rose:

- **Light crude oil futures (March delivery)** increased **$0.39** (+0.55%) to **$71.00 per barrel**.
- **Brent crude oil futures (April delivery)** rose **$0.37** (+0.50%) to **$74.66 per barrel**.
- **COMEX gold futures** gained **$10.90** (+0.38%) to **$2,887.60 per ounce**.

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