Stock Market Summary – November 13, 2025

The Dow Jones Industrial Average sunk 832 points, or 1.73%, while the S&P 500 and the tech-heavy Nasdaq Composite also fell by 1.79% and 2.49% respectively. The decline in stocks is attributed to investor fears about future Fed rate cuts and rebooting economic data releases after the government shutdown. The Fed’s announcement towards the end of the year will be closely monitored, as potential rate cuts are expected to impact the markets significantly. The worst affected stocks of the day were tech stocks, with companies Tesla, Palantir, Nvidia, and Disney falling 6.7%, 6.9%, 4%, and 8.4% respectively. Some tech companies, however, like Nvidia, have a history of beating Wall Street’s expectations and often see their stocks rise. The tech company’s performance is likely due to significant investment from BigTech firms. The property market is expected to see a temporary boost with auction sales in New York projected to top 1.4 billion dollars. This forecast has restored confidence in the art market for a short while; however, there is doubt as to whether this rebound will have lasting power. Also, as a result of recent comments from Federal Reserve Chair Jerome Powell and his colleagues, the markets have changed their expectations. Market participants are unsure whether the central bank will deliver its third consecutive easing of policy when it meets on 9-10 December. Market data indicates a rate cut probability of 49.4%, signalling a drop in market confidence that was once at 95%. This dip is largely due to the government shutdown which left officials without data and unclear about the country’s economic status.

Tesla recalled around 10.5k of its PowerWall 2 units due to a fire hazard. The issue has been attributed to a “third-party battery cell defect”. Tesla previously received 22 customer reports of Powerwall 2 batteries overheating, including five that resulted in minor property damage.

Apple secured a deal with Major League Soccer to exclusively stream MLS games on Apple TV, discontinuing its support for Season Pass, the existing subscription for MLS games. In 2026, all matches will move to Apple’s flagship streaming platform. This move could simplify sports viewing according to Senior Executives at Apple who believe that viewers being forced to subscribe to multiple forums to watch a sport needs to be fixed.

Oracle shares have fallen significantly in the last few months. After a 36% rally following promising cloud infrastructure forecasts, the company lost one-third of its value. The company is facing a backlash from investors concerned over its relationships with OpenAI. It seems the artificial intelligence market may have grown too quickly, causing worry about whether OpenAI can deliver on its $300 billion commitment to Oracle over five years, and if AI sentiment is waning.

Among the companies reporting earnings next week, Intuit has topped the Street’s forecast on its earnings 88% of the time. Intuit stock hit a record high during the summer as the financial technology company continued integrating AI-powered technology into its products.