Weekly Start Market Overview: Week of November 17, 2025

The market enters the week with lingering uncertainty, following a volatile week marked by fading Federal Reserve rate cut expectations and the end of the longest U.S. government shutdown in history [1]. Pre-market futures are mixed—S&P 500 futures down ~0.06% and Nasdaq futures down ~0.13%—as investors await key earnings (including Nvidia) and economic data [4][8]. The dominant theme is balancing Fed policy hawkishness against upcoming corporate earnings and persistent geopolitical tensions [2][5].

Last week’s trading was volatile for major U.S. indices [0]. The S&P 500 (^GSPC) closed up 0.93% on Friday (Nov 14) after bouncing off its 50-day moving average, recovering from a 1.3% drop earlier in the day [0][1]. The Nasdaq Composite (^IXIC) rose 1.58% on Friday, while the Dow Jones Industrial Average (^DJI) fell 0.16% [0].

Sector performance last week saw healthcare leading (up ~4%) and technology lagging (down ~4.2%) [3]. Pre-market on Monday:

• S&P 500 futures: 6,657.03 (-0.06%)
• Nasdaq futures: 22,561.40 (-0.13%)
• Dow futures: 46,281.14 (-0.08%) [4]

1. Fed Policy Shift
   : December rate cut expectations faded as Fed speakers adopted a hawkish tone, with market participants pricing in lower odds of a December cut [1].
2. Government Shutdown Resolution
   : The longest U.S. shutdown ended, but October jobs and CPI data will likely never be released, creating data gaps for investors [1].
3. Geopolitical Tensions
   : Conflicts in Ukraine/Middle East and U.S.-China trade rivalry continue to impact sentiment, particularly in energy/defense sectors [2].
4. Upcoming Earnings
   : High-profile reports include Nvidia (Nov19, AI sector insights), Walmart (Nov20, consumer trends), and Home Depot (Nov18) [5].
5. Economic Calendar
   : Key events: FOMC minutes (Nov19, policy clues) and S&P Global PMI (Nov21, economic activity) [6].

• Quantum Computing Inc. (QUBT)
  : +13.7% after-hours Friday (strong Q3 results, $1.5B capital raise, expanded partnerships) [7].
• Diginex Limited (DGNX)
  : +9.7% after-hours Friday [7].
• Nvidia (NVDA)
  : +1.77% pre-market Monday ahead of its Nov19 earnings report [8].

• Key Events
  : Focus on FOMC minutes (Nov19), Nvidia earnings (Nov19), Walmart earnings (Nov20), and S&P PMI (Nov21) [5][6].
• Technical Levels
  : Watch the S&P500’s 50-day moving average (support level tested last week) [1].
• Risks
  : Geopolitical escalations, further Fed hawkishness, and earnings misses could trigger volatility [2][5].

[0] Ginlix Analytical Database (get_market_indices tool)
[1] Markets Weekly YouTube Video: https://www.youtube.com/watch?v=0ytZ115uBrM (Nov15,2025)
[2] FinancialContent Article: https://markets.financialcontent.com/buffnews/article/marketminute-2025-11-6-geopolitical-crossroads-navigating-market-sentiment-in-november-2025
[3] eOption Market Review: https://www.eoption.com/market-review-november-14-2025/ (Nov14,2025)
[4] Investing.com Pre-market Futures: https://www.investing.com/indices/us-spx-500-futures (Nov17,2025)
[5] Investrade Weekly Calendar: https://www.investrade.com/weekly-event-calendar-11-17-2025-11-21-2025/
[6] Yelza Economic Calendar: https://yelza.com/research/economic-calendar-week-47-2025?hsLang=en
[7] Market Chameleon After Hours: https://marketchameleon.com/Reports/AfterHoursTrading (Nov14,2025)
[8] Yahoo Finance Pre-market: https://finance.yahoo.com/news/live/stock-market-today-nasdaq-sp-500-futures-struggle-as-investors-look-ahead-to-nvidia-earnings-jobs-report-011944070.html (Nov17,2025)

Disclaimer: This analysis is for informational purposes only and not investment advice.
All data sourced from tools and external references as cited.