Stock Market Summary – November 07, 2025

Top Senate Democrat Chuck Schumer has proposed a new plan to Republicans for ending the ongoing U.S. government shutdown. The plan includes an extension of enhanced Affordable Care Act tax credits for at least a year.

President Donald Trump has pardoned Major League Baseball star Darryl Strawberry, who pleaded guilty to tax evasion three decades ago. Strawberry has since paid back taxes and has been involved in Christian ministry and running a recovery center.

The stock market experienced volatility, with tech stocks dragging down indexes. The Nasdaq Composite posted a loss of nearly 4%, and stocks like Nvidia, Meta Platforms, and Microsoft saw significant losses. Notable losses were also observed for AI stocks such as Palantir, despite reporting impressive earnings.

Big Tech companies are investing heavily in AI infrastructure, with differing opinions on whether it will drive long-term cost savings or if it could negatively impact short-term returns.

Company stocks making significant midday movements included Block, which fell by 10% following lower than expected third-quarter earnings. Also notable were Archer Aviation, which fell by 12% after announcing a $650 million stock offering, and Globus Medical, which soared by 32% after exceeding third-quarter earnings estimates.

Despite a 32.79% drop in Oracle’s stock over two months, according to Carter Worth, it’s perceived as a good time to buy as a bounce is expected.

The CEO of Affirm, a “buy now, pay later” company, reports a subtle decrease in shopping interest among federally employed borrowers in light of the government shutdown.

US small businesses are reported as struggling under President Trump’s tariffs. Many smaller firms don’t have the resources to absorb the cost increases and are struggling to survive.

Block shares fell by 10% after third-quarter earnings fell short of expectations. This was attributed to slower profit growth for the company’s Square service.