Market Highlights

A tech-led rebound in stocks faded as caution prevailed on Wall Street ahead of a deluge of economic data and concerns over the Federal Reserve’s ability to slash interest rates in December. Bonds dropped. The relief brought by the end of a historic US shutdown gave way to volatility this week as various Fed speakers damped wagers on policy easing. Hot areas favored by momentum traders such as artificial-intelligence whipsawed. Bitcoin was barely up for 2025. After briefly erasing a 1.4% slide, the S&P 500 closed little changed. Nvidia Corp. rose ahead of its earnings. US equity-index futures advanced along with technology shares in Asia as investors looked ahead to earnings from AI bellwether Nvidia Corp. and US economic data to set the tone for markets this week.

Heavy selling resumed on Wall Street, halting a weeklong respite spurred by the US government reopening, as hawkish statements from Federal Reserve officials ahead of a deluge of economic data spurred traders to dump risky assets from tech stocks to crypto. With optimism about the shutdown’s resolution priced in, concern about valuations emerged, prompting a selloff in high-flying tech giants. Under the surface, some market observers pointed to a rotation into more defensive names. It was the third time in two weeks the S&P 500 fell more than 1%. Bitcoin sank below $100,000 and is down over 20% since early October. The S&P 500 lost 1.7%. The Nasdaq 100 slid 2.1%. Measures of both megacaps and smaller firms each tumbled almost 3%. Wall Street’s closely watched gauge of stock volatility hit 20. With Trump signing the legislation to end the longest shutdown in US history, investor attention is now turning to the slew of economic data that’s due to flow out. Even so, the October jobs report will skip the unemployment rate as the household survey wasn’t conducted, US top economic adviser Kevin Hassett told Fox News.

Wall Street traders drove most stocks higher and bond yields lower as House lawmakers were poised to end a historic government shutdown, unlocking access to economic data that will be key in shaping the Federal Reserve policy outlook. The resolution of the last four US closures spurred gains in the S&P 500 and most of its sectors, based on the median performance. While about 300 shares in the equity benchmark rose on Wednesday, a slide in big tech left the gauge wavering. The Dow Jones Industrial Average climbed for a fourth straight day, hitting all-time highs. Bitcoin erased its advance. Global shares held a three-day gain that took them to within touching distance of a record high as President Donald Trump signed legislation to end the longest government shutdown in US history.

Wall Street’s bets that the largest shutdown in US history is soon coming to an end drove a rebound in stocks, spurring optimism that access to official economic data will shed light on the Federal Reserve outlook. The S&P 500 erased losses, with about 345 shares gaining. The Dow Jones Industrial Average climbed 1.2%. FedEx Corp. — a barometer of the economy — jumped over 5% as it expects profit this quarter to improve from a year ago. Nvidia Corp. sank 3% as SoftBank Group Corp. sold its entire stake in the chipmaker for $5.83 billion to help bankroll artificial-intelligence investments. Asian stocks advanced alongside Treasuries after softer US jobs data strengthened bets on a Federal Reserve interest-rate cut.

Wall Street traders piled into riskier corners of the market, with stocks climbing alongside Bitcoin as the US Senate advanced a plan to end the longest-ever government shutdown, which would remove a significant economic headwind. Bonds lost steam. The risk-on bid lifted the S&P 500 by 1.5%. Technology megacaps, which had been hit the hardest in recent sessions, saw their biggest advance since May. As demand for safety waned, Treasuries edged lower while the dollar underperformed most of its major currency peers. The global equity rally driven by optimism over a deal to end the US government shutdown stalled in Asia following a report that China is developing a rare earth export system that may complicate access for some American companies.

Wall Street saw a sharp bounce from session lows amid hopes that US lawmakers are getting closer to a deal ending the longest shutdown in American history. Crypto trimmed this week’s plunge. Equities wiped out losses, with nearly 400 shares in the S&P 500 rising. While Senate Republicans rejected Democrats’ proposal to scale back their demands to a one-year extension of expiring health-care subsidies, the fact that the parties were trading offers was seen as a positive step. The Nasdaq 100 pared most of its Friday’s slide, but posted its worst week since April. Stocks rallied and bonds fell as optimism that lawmakers are moving closer to a deal ending the longest shutdown in US history spurred demand for risky assets

Volatility lashed Wall Street, with strong evidence of a cooling labor market pushing high-valuation tech stocks and crypto to big losses while bonds rallied on bets the Federal Reserve will cut rates. Equities sold off for the second time in three days and 10-year yields tumbled the most in about a month following Challenger, Gray & Christmas Inc. data showing the largest October job cuts in more than 20 years. The Nasdaq 100 slumped 1.9%, and a closely watched volatility index briefly topped 20. Asian equities fell at the end of a volatile week marked by conflicting views, as investors balanced optimism over technological advances with concerns over stretched artificial intelligence valuations.

At a time when every dip in stocks is perceived as an opportunity, buyers emerged after a brief pullback led by some of the biggest winners of the artificial-intelligence boom. Bitcoin rallied. Bonds fell. While Wall Street didn’t see a buying stampede, equities were able to bounce following a slide that underscored worries over how stretched the market has become and how sensitive it is to unfavorable news. Chipmakers, which bore the brunt of the recent selling, jumped on Wednesday. Stocks rebounded as dip buyers stepped in after a brief pullback in global equities, sparked by concerns over lofty valuations in technology companies.

Risky assets slid, with tech stocks and cryptocurrencies bearing the brunt of the selling, after long- simmering concerns about lofty valuations were fanned anew by a chorus of Wall Street executives who warned investors to brace for a pullback. With the rally confined to fewer and fewer shares as sentiment and technical indicators showed signs of overheating, the chiefs of giants from Capital Group to Goldman Sachs Group Inc. and Morgan Stanley noted the possibility of a pullback as a healthy development. Global stocks extended losses after suffering their steepest drop in nearly a month on concerns over elevated valuations. Bonds advanced with gold as investors sought haven assets.

The start of what’s known as the best month of the year for stocks saw tech rallying as Amazon.com Inc.’s $38 billion deal with OpenAI added fuel to the artificial-intelligence trade. Bond yields rose. Crypto sank. A renewed advance in megacaps drove a gauge of the “Magnificent Seven” up 1.2%. The ChatGPT maker will pay Amazon Web Services for access to hundreds of thousands of Nvidia Corp. graphics processing units as part of a seven-year deal. Shares of the online retail giant jumped 4%. Despite the AI optimism, over 300 firms in the S&P 500 actually retreated. The global stock rally hit a speed bump as earnings from AI bellwether Palantir Technologies Inc. failed to impress investors and Wall Street chief executives warned of a possible correction due to rich valuations.