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October 23, 2025

Stocks and gold sink, while meme stocks swerve, as momentum reverses on Wall Street

By STAN CHOE
AP Business Writer

NEW YORK — U.S. stocks and the price of gold fell on Wednesday, as momentum on Wall Street reverses.

The S&P 500 sank 0.5%, though it's still within 1% of its all-time high set earlier this month. The Dow Jones Industrial Average dropped 334 points, or 0.7%, from its record set the day before, while the Nasdaq composite fell 0.9%.


 
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