Markets News, Nov. 7, 2025
Nasdaq Posts Worst Week Since 'Liberation Day'
On Friday, stocks rebounded from session lows as hope for an end to the monthlong government shutdown helped offset continued weakness in technology stocks. Despite this recovery, all three major indexes ended the week with losses, snapping a three-week winning streak.
The tech-heavy Nasdaq Composite slipped 0.2% on Friday, finishing the week down 3%, marking its worst weekly performance since President Donald Trump’s “Liberation Day” tariffs in early April.
The S&P 500 inched up 0.1% Friday but closed the week 1.6% lower. Similarly, the Dow Jones Industrial Average rose 0.1% on Friday yet ended the week down 1.2%.
Pressure on Tech Stocks Despite Strong Earnings
The major indexes also suffered significant losses on Thursday, with the Nasdaq dropping nearly 2% as chipmakers and other tech stocks came under pressure. This occurred despite better-than-expected earnings from chip firms Qualcomm (QCOM) and Arm Holdings (ARM).
Economic Data Delayed Amid Government Shutdown
The Bureau of Labor Statistics was expected to publish the October jobs report today. However, the data release has been delayed due to the ongoing government shutdown, now lasting 38 days.
Private data released yesterday indicated continued labor market challenges, with a report showing employers announced more than 150,000 layoffs in October, the highest for that month in over 20 years.
These developments underscore ongoing economic uncertainty fueled by the prolonged shutdown and tech sector volatility.
Summary: Stock markets struggled this week amid government shutdown concerns and tech sector pressure, with major indexes ending a three-week winning streak and labor market data showing increased layoffs.