The S&P 500 Index gained 0.08 percent, the Nasdaq Composite Index declined 0.45 percent and the Dow Jones Industrial Average gained 0.34 percent.1,2
Rotating Into Value
The week began with stocks rising, fueled by hopes that the longest-ever government shutdown could soon end as a federal funding bill moved closer to Congressional approval. Building on these early gains, the Nasdaq advanced more than 2 percent and the S&P 500 added 1½ percent.3
Stocks rose at the opening bell on Tuesday following news that the Senate had passed a bill to end the shutdown, but sentiment quickly turned as tech stocks pulled down the Nasdaq and S&P. Meanwhile, the Dow rose modestly. However, by midday, sentiment shifted positively, and the Dow and S&P 500 closed in the green.4
Midweek, growing conviction that the government would reopen continued to push the Dow Industrials higher. As a result, the Dow achieved its first record close above 48,000, with the S&P remaining flat and the Nasdaq slipping. Once the government reopened Thursday morning, attention quickly turned to tech valuations and an earnings miss from a large entertainment conglomerate. This shift also prompted investors to worry whether the Fed would adjust interest rates next month. Despite a brief dip as the week concluded, markets stabilized, with the Nasdaq and S&P recovering near the flatline, while the Dow lagged slightly.5,6,7
Restarting The Data Engine
It takes time to get a tanker ship up and running again after a full stop. That’s what the Bureau of Labor Statistics (BLS) is doing now, as the government stats engine resumes.
Using the last government shutdown (in 2013) as a baseline, about half of the BLS reports that have not yet been published could be ready by the Federal Reserve’s next meeting on December 9-10. The remainder of the backlogged reports (including October reports) are estimated to be published on a rolling basis through mid-January.8
Economic Data To Watch
Monday: Fed officials Philip Jefferson, Neel Kashkari, and Christopher Waller speak.
Tuesday: Import Prices (October). Industrial Production (October). Capacity Utilization (October). Home Builder Confidence Index. Fed governor Michael Barr speaks.
Wednesday: Housing Starts (October). Building Permits (October). Federal Open Market Committee (FOMC) Minutes, October meeting.
Thursday: Weekly Jobless Claims. Existing Home Sales (October). Leading Economic Indicators (October). Fed governor Lisa Cook and Fed Presidents Austan Goolsbee (Chicago) and Anna Paulson (Philadelphia) speak.
Friday: Fed governor Michael Barr, Fed Vice Chair Philip Jefferson, and Dallas Fed President Lorie Logan speak. Purchasing Managers Index (PMI) Survey—Services. Purchasing Managers Index (PMI) Survey—Manufacturing. Consumer Sentiment.
Source: Investors Business Daily - Econoday economic calendar; November 14, 2025. The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision.
Upcoming Earnings Reports
Tuesday: The Home Depot, Inc. (HD)
Wednesday: NVIDIA Corporation (NVDA), The TJX Companies, Inc. (TJX), Palo Alto Networks, Inc. (PANW), Lowe’s Companies, Inc. (LOW)
Thursday: Walmart Inc. (WMT), Intuit Inc. (INTU), NetEase, Inc. (NTES)
Source: Zacks, November 14, 2025. Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.
Footnotes and Sources1. WSJ.com, November 14, 2025
2. Investing.com, November 14, 2025
3. CNBC.com, November 10, 2025
4. CNBC.com, November 11, 2025
5. CNBC.com, November 12, 2025
6. WSJ.com, November 13, 2025
7. CNBC.com, November 14, 2025
8. MarketWatch.com, November 11, 2025
Source: YCharts.com, November 15, 2025. Weekly performance is measured from Monday, November 10, to Friday, November 14. TR = total return for the index, which includes any dividends as well as any other cash distributions during the period. Treasury note yield is expressed in basis points.