Wall St ends mixed on signs of shutdown progress
By Stephen
Culp
Fri November 7, 2025 4:21 PM
The usual jitters concerning sky-high valuations and the government shutdown continued in full force today with all the indexes taking another major dive in the morning, the Dow down some 400 by noon, only to be rescued by afternoon optimism after reports of progress in the congressional impasse which shot the market back to near break-even by close and even a nice 74 point gain in the Dow. The lack of government data has been a big hindrance to analysts trying to gauge where we’re heading and today’s U of M consumer sentiment survey didn’t help at all as it plunged to its most pessimistic reading in the survey’s history.
In fact, overall sentiment has deteriorated nearly 30% since Trump’s election one year ago this week. On the minus side, “Clearly the labor market is weakening and investors are taking a “sell first-ask questions later” mentality. On the plus side, “Ups and downs and periods of consolidation are part of the normal ebb and flow of a bull market.” Also on the plus side is the fact that 90% of the S&P has now reported with 83% beating estimates and the Q3 earnings growth forecast now at 16.8%, more than double the 8% from a month ago. At 20.15 billion, volume remains just a tad below the 20.77 billion average.
DJ: 46,912.30 -398.70 NAS: 23,053.99 -445.80 S&P: 6,720.32 -75.97 11/6
DJ: 46,987.10 +74.80 NAS: 23,004.54
-49.45 S&P: 6,728.80
+8.48 11/7
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