U.S. Stock Market Sees Gains Amid Rate-Cut Speculation but Weekly Losses Persist

November 22, 2025 - 05:26

U.S. stocks experienced a significant uptick on Friday, with the Dow and S&P 500 each climbing approximately 1%, while the Nasdaq rose just shy of 1%. However, despite this daily rally, all three major indexes recorded losses for the week, primarily driven by apprehensions surrounding elevated technology valuations.

The week was notably impacted by Nvidia, whose shares initially surged following a robust earnings report. However, a subsequent selloff ensued, contributing to broader market declines. Anna Rathbun, founder and CEO of Grenadilla Advisory, commented on the situation, suggesting that the market reaction to Nvidia was exaggerated. She noted that while Nvidia's performance sparked concern, it shouldn't have triggered a sell-off across the board.

Meanwhile, Nvidia's stock saw a brief increase after reports indicated that the Trump administration might allow sales of its H200 AI chips to China, though it ultimately closed down 1%. In contrast, Eli Lilly's shares rose by 1.5% as the company became the first drugmaker to reach a $1 trillion market capitalization. Additionally, Gap's stock surged over 8% after surpassing Wall Street expectations for third-quarter sales and profits, buoyed by strong demand for its Old Navy and Banana Republic brands.