ZACKS·2025-11-14 00:06Market Performance - Major indexes experienced a pullback, with the Dow down 797 points (-1.65%), S&P 500 down 113 points (-1.66%), Nasdaq down 536 points (-2.29%), and Russell 2000 down 67 points (-2.77%) [1][7] - Despite the pullback, indexes remain up over the past five trading days and the past month, although the gains are narrowing [1] Federal Reserve Insights - Federal Reserve members are reconsidering further interest rate cuts due to a lack of new data on jobs and inflation, exacerbated by the government shutdown [2] - Minneapolis Fed President Neel Kashkari expressed opposition to the recent rate cut and emphasized the need for new economic data before supporting further cuts [3] - St. Louis Fed President Alberto Musalem called for caution in proceeding with rate cuts, indicating potential market volatility [3] Sector Rotation - There has been a rotation out of speculative AI stocks and some established tech firms, with Palantir (PLTR) dropping 6.5% and AngloGold Ashanti (AU) down 5.2% [4] - Traders are shifting towards value stocks that have been underperforming, such as Merck (MRK) which rose 1.6% and Berkshire Hathaway (BRK.B) which increased by 2% [4] Earnings Reports - Applied Materials (AMAT) reported fiscal Q4 earnings of $2.17 per share, exceeding estimates, with revenues of $6.80 billion also surpassing expectations, although the stock fell 2.5% in late trading due to lower revenue guidance for the next quarter [5] - Beazer Homes (BZH) reported fiscal Q4 earnings of $1.02 per share, significantly above the anticipated 80 cents, with revenues of $791.9 million exceeding expectations, though both figures showed a decline compared to the previous year [6]