Stock indexes are mixed today, with the S&P 500 up by +0.06%, Dow Jones up by +0.62%, and Nasdaq down by -0.60%. Nvidia drops over -5% as Meta Platforms considers Google’s AI chips. US economic news pushes bond yields lower, increasing chances of a Fed rate cut in December.

US Sep retail sales weaker than expected at +0.2% m/m, while Sep PPI rose +2.7% y/y. Retail sales ex-autos in line with expectations. The S&P CaseShiller home price index rises +1.36% y/y, the slowest increase in over two years. Consumer confidence falls to a 7-month low at 88.7.

ADP reports US private payrolls dropping by -13,500 weekly. Consumer confidence index falls to 88.7, pending home sales rise +1.9% m/m. Treasury cancels October CPI report, adjusting for November. Economic direction awaits weekly initial claims, Chicago PMI, and Fed Beige Book.

80% chance of a -25 bp rate cut at the Dec FOMC meeting. Q3 earnings exceed expectations with a +14.6% rise. Overseas markets higher, Euro Stoxx 50 up +0.58%. 10-year T-notes rise as US economic news favors dovish Fed policy. European bond yields lower, swaps indicate a 2% chance of ECB rate cut.

Nvidia down over -5%, leading Dow Jones losers. Cryptocurrency stocks fall, Bitcoin down 2%. Home builders rise as T-note yields drop. Casino stocks gain after Vegas gambling revenue rise. Burlington Stores, Semtech, and Coherent Corp fall. Kohl’s, Amentum Holdings, Zoom Communications, and Keysight Technologies rise.

Best Buy, Analog Devices, Autodesk, Dell Technologies, HP Inc, and other companies report strong Q3 earnings. Earnings reports for 11/25/2025 include various tech and retail companies. Rich Asplund does not hold positions in mentioned securities. News from Barchart.

Read more at Nasdaq: Stocks Pare Drop as Fed Rate Cut Expectations Improve