US Stocks Rebound, Still Set for Weekly Decline
2025-11-21 14:42
By
Joana Taborda
1 min. read
US stocks were higher on Friday, with the S&P 500 and Nasdaq each up 1% and the Dow Jones gaining more than 500 points, rebounding from Thursday’s sharp losses.
Sentiment improved after New York Fed President John Williams suggested the central bank may have room to cut rates again soon amid signs of a cooling labor market.
The probability of a December rate cut has risen to about 71%.
Communication services was the standout sector, climbing around 2%.
Alphabet jumped more than 3%, while Meta added 1%.
Intuit surged 6% after reporting stronger-than-expected earnings and revenue.
Meanwhile, tech shares remained under pressure as concerns over stretched AI valuations persisted.
Nvidia fell 1.7% following a 3.2% drop on Thursday, and Oracle slid more than 4%.
For the week, the S&P 500 is down 2.9%, the Dow has fallen nearly 3%, and the Nasdaq has dropped 3.6%.