US stock indexes closed mixed on Friday, with the S&P 500 down -0.05%, Dow Jones down -0.65%, and Nasdaq up +0.06%. Energy stocks rose as WTI crude oil prices increased by more than +2%. Fed officials’ hawkish comments decreased chances of a rate cut in December to 43%. China’s weak economic data added to global growth concerns. Bitcoin fell by -4% to a 6.25-month low. President Trump signed a bill ending the government shutdown. Q3 earnings beat expectations, with a +14.6% increase. European bond yields rose, while European GDP was revised upward to +1.4%. Semiconductor stocks faced pressure, while energy producers and service providers surged. Stock movers included Stubhub Holdings down -20%, Bristol-Myers Squibb down -4%, and Cidara Therapeutics up +105%. DoorDash led gainers in the S&P 500 and Nasdaq 100, while Nubank reported strong Q3 revenue. Earnings reports for 11/17 include Aramark, Helmerich & Payne, and XP Inc.
Read more at Nasdaq: Stocks Settle Mixed as Fed Comments Suggest a Rate Cut Pause
