U.S. Market Weekly Losses Offset by Friday Rebound and Sunday Futures Rise (2025-11-23)

The U.S. stock market recorded weekly losses across major indices (S&P 500: -1.07%, Nasdaq: -1.91%, Dow Jones: -0.74%) [0] but saw a Friday rebound (S&P: +0.72%, Nasdaq: +0.50%, Dow: +0.95%) [0]. This recovery was fueled by positive signals: New York Fed President John Williams mentioned ‘room’ for rate cuts [1], and Treasury Secretary Scott Bessent ruled out a 2026 recession [1]. Sector dynamics highlighted Healthcare as the top performer (+1.73%)—driven by Eli Lilly becoming the first healthcare company to reach a $1 trillion market cap [3]—followed by Industrials (+1.52%) [0]. The Technology sector showed minimal growth (+0.146%) due to ongoing AI valuation concerns [1], while Utilities (-0.89%) underperformed, reflecting rate-sensitive sector dynamics [0].

1. Sector Rotation
   : Healthcare’s outperformance signals a shift toward defensive growth, contrasting with Tech’s valuation headwinds.
2. Sentiment Shift
   : Rate cut expectations for December jumped from ~44% to ~70% (FedWatch Tool [2]) post-Williams’ comments, driving the Friday rebound.
3. Geopolitical Link
   : Controversy around the U.S.-led Ukraine peace plan [1] introduces potential market uncertainty if tensions escalate.

• Risks
  :
  • Volatility: Weekly losses despite Friday’s rebound indicate ongoing market instability [0].
  • AI Valuation: Tech’s minimal gain suggests potential downside for AI-related stocks if valuations correct [1].
  • Rate Sensitivity: Utilities’ decline warrants monitoring of rate-sensitive sectors [0].
  • Geopolitical: Ukraine peace plan developments could trigger market volatility [1].
• Opportunities
  :
  • Healthcare Sector: Eli Lilly’s milestone and sector leadership present growth opportunities [3].
  • Rate Cut Beneficiaries: Industrials and other rate-sensitive sectors may benefit from expected cuts [2].

• Index Metrics
  : Weekly losses (S&P: -1.07%, Nasdaq: -1.91%, Dow: -0.74%) vs Friday gains (S&P: +0.72%, Nasdaq: +0.50%, Dow: +0.95%) [0].
• Sector Highlights
  : Healthcare (+1.73%), Industrials (+1.52%) as top performers; Tech (+0.146%), Utilities (-0.89%) lagging [0].
• Sentiment Drivers
  : Rate cut hopes (Williams [1]), no recession forecast (Bessent [1]), Eli Lilly’s $1T cap [3].
• Monitoring Points
  : December Fed meeting, Eli Lilly’s earnings, AI sector trends, Ukraine peace plan developments [1].