Markets News, November 7, 2025
Stocks rebounded from session lows on Friday as hopes for an end to the monthlong government shutdown offset ongoing weakness in technology stocks. However, all three major indexes ended a three-week winning streak.
Index Performances
- The tech-heavy Nasdaq Composite fell 0.2% on Friday, finishing the week down 3%, marking its worst weekly performance since President Donald Trump introduced his 'Liberation Day' tariffs in early April.
- The S&P 500 edged up 0.1% on Friday but closed the week 1.6% lower.
- The blue-chip Dow Jones Industrial Average gained 0.1% on Friday, ending the week down 1.2%.
Despite better-than-expected earnings from chipmakers Qualcomm and Arm Holdings, the Nasdaq suffered significant losses during the week, including a nearly 2% drop yesterday as chip and tech stocks faced pressure.
Labor Market Update
The October jobs report, usually released by the Bureau of Labor Statistics today, has been delayed due to the government shutdown, now in its 38th day. Private data released yesterday shows the labor market remains fragile.
Employers announced over 150,000 layoffs in October, the highest number for that month in more than 20 years.
Summary: Despite a short-term rebound in stocks amid hopes to end the prolonged government shutdown, major indexes ended the week lower, with tech stocks notably weak and labor market concerns rising due to increasing layoffs.