US open: Wall Street steadies after sharp AI-driven slump
By Iain Gilbert
Date: Friday 21 Nov 2025
(Sharecast News) - Wall Street trading got off to a positive start on Friday, even as all three major averages continued to track towards weekly losses following a dramatic sell-off in AI-linked stocks in the previous session.
As of 1440 GMT, the Dow Jones Industrial Average was up 0.60% at 46,024.94, while the S&P 500 advanced 0.55% to 6,574.54 and the Nasdaq Composite came out of the gate 0.57% firmer at 22,204.52.
The Dow opened 272.68 points higher on Friday, taking a bite out of losses recorded in the previous session after a dramatic turnaround in shares of artificial intelligence darling Nvidia as market participants seemingly gave up hope that the central bank would move to cut rates again in December.
Nvidia's stronger-than-expected third-quarter results and upbeat guidance briefly sent Wall Street higher on Thursday, with the Dow up nearly 718 points at one stage. However, the rally faded as broader weakness set in, leaving Nvidia down 3.2% by the close and on track for a 10.8% drop in November - the stock's worst month since March.
Fresh jobs data also added to the pressure, showing September payrolls growth ahead of forecasts but highlighting continued unevenness in the labour market as the unemployment rate weakened.
Futures initially had stocks opening lower yet again on Friday, but comments from New York Fed president John Williams gave sentiment a boost at the open after he said he believes the central bank could lower interest rates further, arguing labour market weakness now posed a greater risk to the economy than inflation.
With policymakers divided over the path of policy, Williams aligned with the dovish camp, suggesting rates remained somewhat restrictive for growth.
"I view monetary policy as being modestly restrictive, although somewhat less so than before our recent actions," he said. "Therefore, I still see room for a further adjustment in the near term to the target range for the federal funds rate to move the stance of policy closer to the range of neutral, thereby maintaining the balance between the achievement of our two goals."
On the macro front, preliminary readings of S&P Global's November manfacturing, services and composite PMIs will be published at 1445 GMT, while August wholesale inventories figures and the University of Michigan's November consumer sentiment index will follow at 1500 GMT
No major corporate earnings were slated for release on Friday.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Walmart Inc. (WMT) $106.86 6.46%
Travelers Company Inc. (TRV) $287.46 0.83%
Procter & Gamble Co. (PG) $148.41 0.82%
Unitedhealth Group Inc. (UNH) $312.83 0.79%
International Business Machines Corporation (CDI) (IBM) $293.16 0.65%
McDonald's Corp. (MCD) $303.26 0.47%
Johnson & Johnson (JNJ) $203.35 0.28%
Coca-Cola Co. (KO) $71.29 0.14%
Dow Jones - Fallers
Intel Corp. (INTC) $33.62 -4.24%
Cisco Systems Inc. (CSCO) $75.44 -3.76%
Boeing Co. (BA) $179.24 -3.40%
Nike Inc. (NKE) $62.02 -1.93%
Walt Disney Co. (DIS) $102.64 -1.88%
Amgen Inc. (AMGN) $336.07 -1.85%
Microsoft Corp. (MSFT) $478.43 -1.78%
Dow Chemical Co. (DOW) $21.08 -1.69%
JP Morgan Chase & Co. (JPM) $302.07 -1.61%
Goldman Sachs Group Inc. (GS) $781.15 -1.56%
S&P 500 - Risers
Walmart Inc. (WMT) $106.86 6.46%
Regeneron Pharmaceuticals Inc. (REGN) $737.00 4.87%
Brown Forman Corp. Class B (BF.B) $27.88 2.39%
Mattel Inc. (MAT) $19.00 2.32%
Hartford Financial Services Group Inc. (HIG) $134.29 1.96%
Revvity, Inc. (RVTY) $93.79 1.92%
Dxc Technology Company (DXC) $11.96 1.67%
Clorox Co. (CLX) $100.07 1.67%
TJX Companies Inc. (TJX) $148.65 1.55%
Progressive Corp. (PGR) $223.51 1.38%
S&P 500 - Fallers
Bath & Body Works, Inc. (BBWI) $15.53 -24.81%
Jacobs Solutions Inc. (J) $128.99 -10.95%
Micron Technology Inc. (MU) $201.37 -10.87%
Western Digital Corp. (WDC) $140.23 -8.92%
Nektar Therapeutics (NKTR) $55.11 -8.68%
TripAdvisor Inc. (TRIP) $13.36 -8.15%
TE Connectivity Ltd (TEL) $217.56 -7.96%
Advanced Micro Devices Inc. (AMD) $206.02 -7.84%
Albemarle Corp. (ALB) $117.30 -7.37%
Seagate Technology Plc (STX) $240.50 -7.19%
Nasdaq 100 - Risers
Qvc Group Inc Series A (QVCGA) $7.88 12.25%
Regeneron Pharmaceuticals Inc. (REGN) $737.00 4.87%
PACCAR Inc. (PCAR) $97.60 1.15%
Henry Schein Inc. (HSIC) $71.16 0.82%
Incyte Corp. (INCY) $101.76 0.43%
NetEase Inc. Ads (NTES) $133.95 0.40%
Hasbro Inc (HAS) $76.76 0.38%
O'Reilly Automotive Inc. (ORLY) $99.01 0.31%
Vertex Pharmaceuticals Inc. (VRTX) $422.32 0.31%
Costco Wholesale Corp. (COST) $893.29 0.30%
Nasdaq 100 - Fallers
Micron Technology Inc. (MU) $201.37 -10.87%
Western Digital Corp. (WDC) $140.23 -8.92%
Mercadolibre Inc. (MELI) $1,899.75 -8.54%
Seagate Technology Plc (STX) $240.50 -7.19%
Applied Materials Inc. (AMAT) $220.23 -6.34%
Lam Research Corp. (LRCX) $139.59 -6.19%
Asml Holdings N.V. (ASML) $981.04 -5.61%
KLA-Tencor Corp. (KLAC) $1,102.45 -5.57%
Baidu Inc. (BIDU) $110.45 -4.36%
Intel Corp. (INTC) $33.62 -4.24%
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