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Updated Fri, November 21, 2025 astatine 8:05 AM CST 2 min read
US banal futures turned higher Friday aft the week's latest bout of turbulence, portion bitcoin kept tumbling to deed a multimonth debased arsenic AI worries continued to measurement connected investors.
Contracts connected the tech-heavy Nasdaq 100 (NQ=F) roseate 0.4%, portion those connected the S&P 500 (ES=F) gained 0.5%. Dow Jones Industrial Average futures (YM=F) led the mode higher, gaining 0.7%. Stocks closed sharply little connected Thursday successful a singular turnabout.
CME - Delayed Quote USD
As of 9:00:57 AM EST. Market Open.
ES=F NQ=F YM=F
US equities perked up successful premarket aft the New York Fed president, John Williams, said Friday helium sees country for a chopped successful the "near term." That led rate-cut bets for the Fed's adjacent gathering to spike, with astir 70% of bets connected a December cut, a reversal from Thursday. Williams' remarks travel amid grounds of a profoundly divided Fed heading into its last gathering of 2025.
While stocks are seesawing, cryptocurrencies are feeling adjacent greater vigor — signs that the risk-off temper inactive haunts markets. Bitcoin (BTC-USD) sank connected Friday to commercialized arsenic debased arsenic $82,000, deepening a descent from record-high levels conscionable much than a period ago. It is present heading for its worst period since the crypto illness of 2022.
It's shaping up to beryllium a rocky period connected Wall Street, too, with the S&P 500 (^GSPC) headed for its worst November since 2008 amid mounting concerns implicit an AI-fueled "bubble." Not adjacent Nvidia (NVDA) and its CEO, Jensen Huang, could allay those fears aft its blowout net uncover connected Wednesday.
Read more: Live sum of firm earnings
The large US gauges are besides facing play losses crossed the board. The S&P 500 and Nasdaq Composite (^IXIC) are connected way for declines of implicit 2% and 3%, having ended Thursday their lowest levels since September. The blue-chip Dow (^DJI) faces a driblet supra 3%, too.
On Friday, investors volition get a last work of November user assurance from the University of Michigan, aft the preliminary speechmaking recovered the measurement adjacent a three-year low. Other Fed officials are besides acceptable to speak, possibly offering further clarity connected the cardinal bank's complaint path.
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Netflix, Comcast, Paramount formally taxable bids to get Warner Bros. Discovery
Netflix (NFLX), Comcast (CMCSA), and Paramount (PSKY) person formally submitted takeover bids for Warner Bros. Discovery (WBD), aggregate outlets reported Thursday evening.
Paramount's connection was the lone 1 aiming to get Warner Bros. Discovery successful its entirety, according to radical acquainted with the matter, portion Comcast and Netflix are funny successful acquiring the company's workplace and streaming business, which houses franchises specified arsenic Batman.
As Warner Bros. Discovery considers the archetypal circular of what it antecedently said were "unsolicited" offers, it remains connected way to divided into 2 companies — 1 with its planetary tv web and different with its workplace and streaming portion — by mid-2026.
Shares of Warner Bros. Discovery, which gained 0.6% successful premarket trading, are pacing for gains of 25% implicit the past month. Year to date, the banal has risen a staggering 116%.
Read much present from Bloomberg.
Good morning. Here's what's happening today.
Chip stocks ricochet arsenic investors wrestle with AI doubts
Global spot stocks bounced astir aft a bruising time connected Wall Street arsenic doubts crept successful astir the artificial quality aboriginal and whether a bubble whitethorn beryllium astir to burst.
Shares of Nvidia (NVDA), the person of the pack, fell different 1.2% earlier successful premarket trading but past stemmed those losses to commercialized astir flat. The banal is inactive good disconnected the archetypal 5% bounce it saw aft reporting what was broadly regarded arsenic a coagulated net study connected Wednesday.
NasdaqGS - Delayed Quote USD
At close: November 20 astatine 4:00:00 PM EST
NVDA TSM AVGO
Taiwan Semiconductor (TSM) declined astir 1%, portion South Korea-based SK Hynix (000660.KS) fell 8%, and Samsung Electronics (005930.KS) shed 5%. In Europe, ASML (ASML) fell implicit 5%.
In the US, spot decorator Broadcom (AVGO) besides pared losses to commercialized astir flat. Meanwhile, Micron (MU) climbed 0.3% aft suffering a nonaccomplishment of implicit 10% connected Thursday. AMD (AMD) banal added 0.2%.
Intel (INTC) besides roseate aft the company's CEO, Lip-Bu Tan, downplayed reports that a caller institution prosecute took intelligence spot from TSMC.
BJ’s Wholesale Club shares emergence arsenic net apical estimates
BJ's (BJ) banal roseate 4% earlier the doorbell connected Friday aft reporting 3rd 4th fiscal 2025 net that bushed analysts' expectations. The wholesale nine relation raised its full-year nett outlook connected the spot of its rank income and posted adjusted net per stock of $1.16, beating the expert statement of $1.10.
Investing.com reports:
Read much here.
Premarket trending tickers: Intuit, Ross Stores and Strategy
Intuit (INTU) stock roseate 3% earlier the doorbell connected Friday. The bundle institution posted better-than-expected results, reporting $3.89 cardinal successful gross for the quarter, representing a year-over-year summation of 18.3%.
Ross Stores (ROST) banal jumped 3% successful premarket trading aft raising its full-year net guidance arsenic same-store income jumped successful the 3rd quarter.
Strategy (MSTR) banal fell 4% earlier the doorbell connected Friday. Bitcoin (BTC-USD) continued to autumn this week and dropped astir 10% connected Friday. It's besides connected way for its worst monthly show since 2022. Strategy is 1 of the largest firm holders of bitcoin.
Gap banal pops connected raised outlook, spot successful halfway brands
Gap (GAP) banal roseate 4% earlier the doorbell connected Friday aft the apparel institution topped net expectations and delivered an upbeat outlook.
The retailer reported net per stock of $0.62, which surpassed estimates, and $3.9 cardinal successful gross arsenic same-store income grew 5% twelvemonth implicit year. Wall Street was expecting $3.9 cardinal successful gross and $0.59 per stock successful earnings, according to S&P Global Market Intelligence.
Gap's 3 halfway brands — the namesake Gap brand, Old Navy, and Banana Republic — showed spot during the quarter, portion athleisure marque Athleta was the wide laggard. Same-store income astatine Gap roseate 7% twelvemonth implicit year, income astatine Old Navy roseate 6%, and income astatine Banana Republic roseate 4%. Athleta's same-store sales, meanwhile, dropped 11%, arsenic Gap said it's applying a "reinvigoration playbook" to the brand.
Gap besides raised the little extremity of its full-year gross forecast. It present sees 1.7% to 2% top-line growth, up from its erstwhile guidance of 1% to 2%.
"The spot of our 3rd 4th and quarter-to-date show positions america good for the vacation selling play and gives america the assurance to summation our afloat twelvemonth nett income outlook to the precocious extremity of our anterior guidance scope and rise our afloat twelvemonth operating borderline outlook," CEO Richard Dickson said successful a statement.
BofA: Tech stocks inactive acceptable for grounds $75 cardinal inflow successful 2025
Reuters reports:
Tech stocks stay connected way for a grounds $75 cardinal inflow this year, BofA's play flow amusement enactment said connected Friday, highlighting request for the sector adjacent arsenic it comes nether unit from concerns astir lofty valuations.
Tech stocks person been connected a surge for overmuch of this year, and the Nasdaq (^IXIC) has risen astir 14% and deed an each clip precocious successful precocious October. But they person since stumbled and the tech-heavy scale dropped 2% connected Thursday.
Nonetheless, tech stocks besides saw a $4.4 billion inflow successful the week to Wednesday, BofA said successful their play circular up of flows successful and retired of satellite markets.
Elsewhere, it said crypto funds saw a play outflow of $2.2 billion, the 2nd largest outflow connected record.
Bitcoin heading for worst period since crypto illness of 2022
Bitcoin (BTC-USD) was trading 9% little astatine astir $84,000 aboriginal Friday morning, connected way for its worst monthly show since a drawstring of firm collapses rocked the wider crypto assemblage successful 2022.
Bloomberg reports:
Read much here.
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