Overview
On November 13, 2025, the U.S. stock market faced a turbulent session as concerns over the Federal Reserve's potential slowdown in rate cuts and the conclusion of the longest government shutdown in U.S. history contributed to market instability. The anticipation of delayed economic indicators and the tech sector's underperformance were notable.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
Major News Story
President Trump signed a bill to end the longest government shutdown in history, but it may take time for the federal government to return to full operations. This delay has affected the release of key economic indicators. Meanwhile, Federal Reserve officials have been reluctant to endorse further rate cuts, reflecting a 50-50 market expectation for a December rate cut. The market is concerned that missing key data could bolster the Fed's decision to hold rates steady. The S&P 500 index closed down 1.6%, with memory-related stocks like Western Digital, Seagate, and SK Hynix declining after weak earnings from Kioxia.
Tomorrow's Economic Indicators
| Time | Event |
|---|---|
| 09:30 | U.S. Natural Gas Inventory |
| 14:00 | USDA World Agricultural Supply and Demand Estimates Report |
| 16:00 | U.S. Baker Hughes Oil Rig Count |
| 23:20 | Fed's Bostic Speech |
| 00:05 | Fed's Williams Speech |
General Opinion
Market experts predict continued volatility and uncertainty due to the delayed economic data and the Fed's reluctance to cut rates. Despite the decline in tech stocks, some see this as a healthy correction, with funds likely reallocating to more reasonably valued sectors like industrials, finance, energy, and healthcare. Many economists emphasize the need for productivity gains to support the economy, particularly in sectors like healthcare and manufacturing. The end of the shutdown provides a period of adjustment, but challenges remain over the coming months.
