Weekly Recap & Weekend Outlook - November 21, 2025

The US stock market closed a volatile week (Nov17–21) with mixed results: major indices (S&P500, Nasdaq, Dow) declined slightly, while small-caps (Russell2000) outperformed. Defensive sectors (Healthcare) and Energy led gains, driven by Nvidia’s earnings, Fed policy uncertainty, and post-government shutdown economic data [0,3,6].

• S&P500
  : Closed at6603.80 (-1.03% weekly)
• Nasdaq
  : Closed at22273.08 (-1.91% weekly)
• Dow Jones
  : Closed at46245.42 (-0.74% weekly)
• Russell2000
  : Closed at2369.59 (+1.2% weekly)
• VIX
  : Closed at23.74 (+6.08% weekly)
  [0]

• Top Performers
  : Healthcare (+3.6%), Energy (+2.53%)
• Worst Performers
  : Consumer Cyclicals (-2.6%), Communication Services (-1.45%)
  [3]

• Decliners outnumbered advancers on NYSE by3.25:1 on Nov20 [1]
• VIX rise signals investor caution [0]

1. Nvidia Earnings
   : Released Nov19; Oracle (ORCL) fell 5.83% amid competitive pressures [4,6]
2. Fed FOMC Minutes
   : Nov19 release showed policy uncertainty; December rate cut odds declined below50% [5]
3. Post-Shutdown Data
   : US Existing Home Sales hit8-month high [2]
4. Sector Rotation
   : Defensive/commodity-linked sectors gained favor [3]

• Top Gainers
  : ALGN (+7.96%), ROST (+8.25%), PODD (+6.64%) [4]
• Top Losers
  : ORCL (-5.83%), CRWD (-1.46%) [4]
• After Hours
  : INTU (+3% on Q1 beat), VEEV (-6.7% post-earnings) [7,8]

• Geopolitical tensions (Russia-Ukraine, US-China) [9,10]
• Commodity volatility risks [9]

• Thanksgiving-shortened week (closed Nov27, early Nov28) [11]
• Post-reopening economic data releases [12]
• Limited major earnings/Fed events [11]

• Post-Nov21 options expiry portfolio rebalancing [13]
• Monitor USD/CHF breakouts & gold correction [14]

: This is not investment advice; for informational purposes only.