CONCLUDED Stock Market News From Nov. 18, 2025: Dow, S&P 500 Drop as Chip Stocks Get Thrown Out Dollar Falls Ahead of U.S. Jobs Data Last Updated: 14 hours ago By Renae Dyer, Dow Jones Newswires The dollar was edging lower ahead of jobs data that could influence expectations on whether the Federal Reserve will cut interest rates again in December. The ADP releases weekly private sector employment data at 8:15 a.m. Eastern time. Such data have taken on more importance as the recent government shutdown halted ...

As we approach year-end, the Nasdaq is showing multi-year strength driven by several key factors. The Federal Reserve's ongoing interest rate cuts are making borrowing cheaper, encouraging corporate investment and consumer spending that directly benefit equity markets. AI enthusiasm remains a powerhouse, pushing earnings growth and heavy investments in tech giants that dominate the index. Add strong consumer spending, fueled by a solid economy and the holiday season rush, and continued corporate earnings e ...

Canada’s housing market bounced back in October, with both sales and prices rising, as the central bank’s rate cuts appear to be nudging buyers off the sidelines https://t.co/IHvj6v2fsX ...

Core Points - Former Federal Reserve Governor Adriana Kugler resigned after her request for a waiver to address financial holdings was denied by Chair Jerome Powell, amid an internal probe regarding her financial disclosures [1][3][4] - Kugler's financial disclosures revealed violations of the Fed's ethics rules, leading to a referral to the board's inspector general [2][5] - Kugler's resignation allowed President Donald Trump to appoint Stephen Miran to the Fed's board, amidst calls for lower interest rates [7] Summary by Sections Resignation and Ethics Violations - Adriana Kugler announced her resignation effective August 8, 2023, after missing a policy meeting due to a "personal matter" [3] - The Fed's ethics officials did not certify Kugler's financial disclosures, which indicated potential violations of internal ethics rules [2][4] - Kugler's spouse made stock purchases without her knowledge, which were later divested, and she was deemed compliant with applicable laws [5][6] Impact on Federal Reserve - Kugler's resignation provided an opportunity for President Trump to fill a vacancy on the Fed's board, leading to the appointment of Stephen Miran, who has advocated for rapid interest rate cuts [7] - In response to previous trading violations by senior officials, the Fed implemented stricter investment and trading restrictions in 2022 to enhance public confidence [8][10]

Joining me is KPMG's chief economist Diane Swank and CNBC's Steve Leeman. Steve, let me begin with you. Is this a big departure from what we had seen after the last Fed meeting.>> Um, yeah, and by the way, Contessa, unfortunately, you blinked. And, uh, it's an even bigger departure because those probabilities are now down to 41%. Um, and I get that because it's only just been in a little bit that we've had that move.As you saw, uh, the 10-year yield rise higher. uh to around 414 and now the probabilities ha ...

Romania’s central bank pushed back against any expectations of an early start to interest rate cuts, signaling an extended period of caution due to a worsening inflation outlook https://t.co/hswLG8SGTj ...

Market Overview - The U.S. government has reopened after a 43-day shutdown, which had raised investor concerns and disrupted economic data flow [1] - A growing number of Federal Reserve policymakers are hesitant about further interest rate cuts, with market odds for a December reduction now near even [1][12] - Inflation concerns and signs of stability in the labor market are influencing Fed officials' views on interest rates [1][12] Stock Performance - Major tech stocks experienced significant declines, with Nvidia down 4.7%, Tesla down 7.6%, and Broadcom down 5.4% [5][12] - The S&P 500 fell 1.62% to 6,739.60 points, the Nasdaq declined 2.48% to 22,825.50 points, and the Dow Jones Industrial Average decreased 1.38% to 47,590.87 points [6][12] - Eight of the eleven S&P 500 sector indexes declined, with information technology leading the drop at 2.74% [6][12] Sector Rotation - Cisco Systems saw a rally of about 5% after raising its full-year profit and revenue forecasts, indicating strong demand for networking equipment [7][12] - There is a noticeable market rotation away from technology stocks, with the S&P 500 value index gaining approximately 1.4% this week, while the growth index dipped 0.7% [7][12] - Walt Disney's shares tumbled 7.7% amid concerns over a prolonged dispute with YouTube TV regarding cable channel distribution [8][12] Employment Data - Recent data from ADP indicated that private employers shed over 11,000 jobs weekly through late October, and retail-related job postings dropped by 16% year-over-year in October, suggesting ongoing labor market weakness [8][12] Rate Cut Expectations - Traders are currently pricing in a 47% chance of a 25-basis-point rate cut in December, a decrease from the previous week's 70% probability [9][12] Company-Specific Developments - APA Corp gained 3.2% following reports that Spain's Repsol is considering a reverse merger of its upstream unit with potential partners [9][12] - Memory device manufacturers Western Digital and SanDisk saw declines of 3.1% and 10.7%, respectively, after Kioxia Holdings reported lower sales and profits [9][12] Market Dynamics - Declining stocks outnumbered rising ones in the S&P 500 by a ratio of 1.8-to-one, with the S&P 500 posting 15 new highs and 6 new lows, while the Nasdaq recorded 51 new highs and 178 new lows [10][12]

Market 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]

We're joined by Mike Wilson, chief U.S. equity strategist at Morgan Stanley. Really great to have you with us on this first day after the government shut down. Mike, now that it's over, now what.Good morning. Good morning, Nathan. Yeah.Well, I think most people probably won't feel the effects. I'm sure the government employees are happy to get back to work. And look, I think from our standpoint, from a market standpoint, I mean, this is the longer that this kind of, you know, lagged into the holidays, it de ...

We're joined by Mike Wilson, chief U.S. equity strategist at Morgan Stanley. Really great to have you with us on this first day after the government shut down. Mike, now that it's over, now what.Good morning. Good morning, Nathan. Yeah.Well, I think most people probably won't feel the effects. I'm sure the government employees are happy to get back to work. And look, I think from our standpoint, from a market standpoint, I mean, this is the longer that this kind of, you know, lagged into the holidays, it de ...