Weekly Market Recap (Nov10-14,2025): Gov Reopening, Fading Rate Cuts & S&P500 Support Test

The week of Nov10-14,2025 marked the end of the longest US government shutdown (43 days) [1], with immediate market impacts: delayed economic data (jobs, inflation reports) [2] and Fed officials (Collins, Bostic on Nov12; Schmid on Nov14) opposing December rate cuts [3][5]. The S&P500 index tested the 6650 support level three times, hitting a weekly low of $6646.87 [0], ending at $6734.10 with a net ~1.44% decline [0]. Defensive sectors outperformed: Utilities (+0.84%) and Healthcare (+0.51%) [0], while Financial Services (-2.41%) and Industrials (-1.50%) lagged [0].

1. Defensive sector outperformance signals market risk aversion amid policy uncertainty
2. Delayed economic data creates Fed policy ambiguity for the December meeting [4]
3. Prolonged shutdown’s aftermath will linger in upcoming data releases [2]
4. Fading rate cut hopes pressure interest-sensitive sectors (Real Estate down1.13% on Nov14) [0]

: Policy uncertainty from delayed data [1], fading rate cuts impacting cyclical sectors [3]; : Defensive sectors as safe havens [0], potential market stabilization once delayed data is released [2].

• S&P500: Weekly low $6646.87, close $6734.10 [0]
• Top sectors: Utilities (+0.84%), Healthcare (+0.51%) [0]
• Worst sector: Financial Services (-2.41%) [0]
• Fed officials opposing Dec rate cuts: Collins, Bostic, Schmid [3][5]
• Delayed data: Jobs, CPI reports to be released in coming weeks [2]