In November, U.S. equities experienced volatility with the S&P 500 rebounding to a modest gain after a sharp decline. The technology sector led declines while healthcare outperformed with its best monthly performance in three years. The White House announced the “Genesis Mission” to accelerate scientific discovery through AI.

Crude oil declined for the fourth consecutive month, nearing a four-year low due to oversupply and easing geopolitical risk. Precious metals continued their historic pace with silver breaking out to a new high. Gold and silver have risen 62% and 96% respectively in 2025, their best annual return since 1979.

The dollar faced technical resistance, while Bitcoin declined 16.7% in November erasing earlier gains. Despite the recent volatility, there are reasons for optimism as the market shows signs of recovery. Market breadth is solid, with seasonal trends favoring equities into year-end. Chair Powell’s guidance on rate cuts in 2026 will be crucial for sustaining momentum.

Read more at Nasdaq: November 2025 Review and Outlook