Market Week: November 24, 2025

The Markets (as of market close November 21, 2025)

Volatility continued to characterize the stock market last week. Wall Street endured significant swings driven by a mix of key corporate earnings reports, important economic data following the government's reopening, and shifting expectations for the Federal Reserve interest rate policy. Each of the benchmark indexes listed here ended the week in the red, unable to recover from a sharp midweek sell-off, despite a rally last Friday. Most of the negative market returns were within the consumer discretionary and information technology sectors. Communication services outperformed last week. Tech shares took a notable downturn last week, despite a favorable earnings report from a major AI/tech giant. The release of the September jobs report (see below), delayed due to the government shutdown, provided mixed signals on the state of the U.S. economy in general and Federal Reserve policy in particular. Better-than-expected job growth was offset by an increase in the unemployment rate, which reinforced the Fed's dilemma regarding future interest rate cuts. The yield on 10-year Treasuries eased slightly, ending the week down eight basis points. Oversupply concerns drove crude oil prices to a four-week low.

• STOCK MARKET INDEXES
• LAST WEEK'S ECONOMIC NEWS
• EYE ON THE WEEK AHEAD

Wendy Nelson, CEO of Wind River Wealth Advisors, aims to provide comprehensive investment management, retirement planning, financial planning, asset management, and portfolio management services to protect your money with knowledgeable strategies and plans through the guidance of a personal, independent financial advisor.