Market Recap of the Week of Nov 9, 2025 - Nov 16, 2025

Overall Market Trends:

The market faced mixed results last week, with all four major indices finishing the week relatively flat. The New York Stock Exchange Composite (NYSE) rose 66 points (+0.31%), the S&P 500 climbed just 5 points (+0.08%), the NASDAQ Composite slipped 106 points (-0.46%), and the Dow Jones Industrial Average posted a weekly gain of 159 points (+0.34%). These results were largely impacted by the resolution to the government shutdown as well as the swings in tech-industry markets.

Stocks started the week off on a good note, rising significantly throughout Monday’s trading session. A resurgence of the artificial intelligence bull market fueled these gains as investors began to re-enter the market following a possible end to the everlasting government shutdown. A cloture was invoked on Monday after meeting the minimum of 60 yes votes, following the support of eight Democratic senators for the deal, who broke with party leadership. Along with reversing a few of the recent mass federal layoffs and including future protections for government workers, the deal would see the government reopen in January. During the government shutdown, consumer sentiment reached its lowest point in three years, and federal agencies have begun stating that they will no longer be releasing many essential economic reports, including the producer and consumer price indexes (CPI, PPI). This deal would help ease investor concerns, which prompted the large gains on Monday.

The market was mixed on Tuesday, with the Dow Jones Industrial Average climbing and the tech-heavy Nasdaq Composite falling. Investors began buying blue-chip stocks, especially health giants such as Amgen (NASDAQ: AMGN), Johnson & Johnson (NYSE: JNJ), and Merck (NYSE: MRK), which pushed the Dow higher. On the other hand, investors grew weary of the A.I. sector after CoreWeave (NASDAQ: CRWV) fell over 16% as a result of poor guidance, pulling down the Nasdaq. Nvidia (NASDAQ: NVDA) also fell 3% after Softbank exited the company, selling its entire $5.83 billion (31.2 million share) stake. This move was more of a strategic move to enter other companies in the sector, rather than Softbank losing faith in Nvidia.

The market saw similar results on Wednesday as investors continue to eye what looks to be an end to the government shutdown. The Senate passed the government funding bill, which now awaits being passed by the House. The bill could see the end of the government shutdown as early as the end of this week. Investors are eager for the shutdown to be resolved so they can observe economic reports throughout this weak labour market. The financial sector soared as a result, with prominent names such as JPMorgan (NYSE: JPM), Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS), American Express (NYSE: AXP), Bank of America (NYSE: BAC), and Wells Fargo (NYSE: WFC) all experiencing gains, ultimately supporting the Dow’s outperformance compared to the overall market.

Stocks drew back on Thursday, with technology companies, especially the artificial intelligence sector, seeing a major sell-off from investors amid concerns regarding their extremely high valuations. Companies like Broadcom (NASDAQ: AVGO), Alphabet (NASDAQ: GOOG), and Nvidia were major contributors to the pullback. Disney (NYSE: DIS) also released poor earnings, resulting in the company falling roughly 8%. A sudden adjustment in race cut expectations also weighed down on the market, with the odds of a rate cut at the next meeting falling from 62.9% to 51% overnight. Additionally, Karoline Leavitt, White House press secretary, remarked that the reports missed during the government shutdown may never end up being released. She also stated that fourth-quarter economic growth could decline by potentially 2 percentage points due to the shutdown.

The market rebounded slightly on Friday while the Dow fell. This was largely due to investors beginning to buy back into technology markets, specifically the key technology stocks, after their large declines the day prior.

Past Earnings Report:

This Week in Crypto

Market Trends:

The crypto market faced bearish results throughout last week, with all major coins falling across the board. Bitcoin (BTC) slid to $95,150.61, down roughly 10.38% over the past seven days. Ethereum (ETH) declined to $3,185.71 (-11.72%), while XRP dropped to $2.25 for a weekly loss of 8.08%. Solana (SOL) saw one of the sharpest declines among the large-cap altcoins, dropping 16.08% to $140.58, and Cardano (ADA) fell 16.56% to $0.4919. Even meme tokens like Dogecoin (DOGE) were not immune, slipping 10.95% to $0.1612. These results were driven by a shift toward risk-off sentiment, heavy profit taking after recent gains, fading institutional inflows, and growing uncertainty around macro policy.

A major driver of the decline was the sudden drop in risk appetite across all financial markets. As expectations for a rate cut weakened and broader markets grew more cautious, investors began stepping back from high-volatility assets, especially crypto being one of the riskier markets. Bitcoin’s break below the key $100,000 support level signaled to many traders that the recent rally may have reached its peak, further inciting fears in investors. Once that level failed, selling pressure accelerated and traders rotated toward safer positions.

Profit taking and limited liquidity also contributed greatly to the recent pullback. After strong performance earlier in the month and the year, many traders and long-term holders have begun to cash in profits, which added downward pressure on prices. Liquidity has been thinning for weeks across major exchanges, therefore making even moderate sales led to sharp moves in the market. Without enough new buyers entering the market to absorb this influx of supply, prices quickly declined. This weakness was most visible in Solana, Cardano, and Dogecoin, which saw double-digit declines as sellers dominated trade volume.

The already negative sentiment was further intensified by the growing institutional uncertainty. Momentum from large corporate buyers and ETF inflows has slowed, removing one of the key drivers that supported prices earlier in the year. Renewed speculation surrounding MicroStrategy’s (NASDAQ: MSTR) Bitcoin strategy also raised questions about how committed major institutions remain during volatile periods. Since large holders often shape market confidence, even small shifts in perception can weigh heavily on sentiment.

Broader macro concerns rounded out the week’s weakness. Shifting expectations around monetary policy increased the cost of holding non-yielding assets like crypto. At the same time, the lack of clear economic data due to the government shutdown left investors without a clear picture of the economy’s direction. With fewer signals to guide decisions and ongoing regulatory uncertainty still unresolved, most traders preferred to stay on the sidelines. These factors together led to a difficult week for the entire crypto market.

Live Crypto Markets:

Looking Towards the Future

Upcoming Important Economic Events:

Monday: Empire State manufacturing survey
Tuesday: Import price index (may be delayed due to government shutdown) • Home builder confidence index • Business inventories
Wednesday: Minutes of Fed's October FOMC meeting
Thursday: U.S. employment report; Initial jobless claims • U.S. leading economic indicators (may be delayed due to government shutdown)
Friday: S&P flash U.S. services PMI • S&P flash U.S. manufacturing PMI • Consumer sentiment (final)

Future Earnings Reports:

Market Recap (11/16/25)