U.S. equity markets delivered mixed results for the week ending Friday, November 14, 2025, as investors navigated the dual relief of the government shutdown’s end and the recalibration of Federal Reserve rate-cut expectations. The S&P 500 rose a modest 0.1%, the Dow Jones Industrial Average gained 0.3%, while the Nasdaq Composite declined 0.5%. The week began with a powerful Monday rally as shutdown resolution hopes surged, but these gains were quickly erased by an aggressive mid-week sell-off. This reversal—driven by hawkish Federal Reserve commentary and persistent valuation concerns—drove market-implied odds for a December rate cut below 50% for the first time since late October. This volatile price action reflected investors grappling with improved data visibility against the backdrop of sticky inflation and a more cautious Fed stance.
