Market Update
U.S. Stocks Trade Sideways as Market Rally Loses Steam
Barry Adams
02 Dec, 2025
New York City
Stocks lacked direction in early trading in New York, and investors debated possible rate outlooks after the Fed's policy meeting next week.
The S&P 500 index increased 0.01%, the tech-heavy Nasdaq Composite advanced 0.02%, and crude oil hovered near a four-year low.
Popular indexes struggled to advance this week, and the Nasdaq Composite halted a multi-month rally, weighed down by higher-for-longer inflation and AI bubble worries.
Investors are hoping that the Fed's rate cut decision could spark a year-end tech stock rally, which could broaden to include a wider list of sectors.
Across the Atlantic, the eurozone's jobless rate in October stood at 6.4%, matching the rate in the previous month, according to the latest update from Eurostat.
Inflation in the currency zone edged up to 2.2% in November from 2.1% in the previous month, and the core rate held at 2.4%, the statistical agency said in a separate report.
U.S. Movers
MongoDB jumped 22% to $404.0 after the database developer reported strong fiscal third-quarter results.
Revenue increased 19% to $628.3 million from $529.4 million, net loss shrank to $2.0 million from $9.8 million, and diluted loss per share dropped to 2 cents from 13 cents a year ago.
MongoDB estimated fourth quarter revenue to range between $665 million and $670 million, adjusted income from operations between $139 million and $143 million, and adjusted diluted earnings per share between $1.44 and $1.48.
For the fiscal year 2026, the database developer estimated revenue between $2.434 billion and $2.439 billion, adjusted income from operations between $436.4 million and $440.4 million, and adjusted diluted earnings per share between $4.76 and $4.80.
Credo Technology Group soared 18% to $202.0, and the data center connectivity solution provider reported sharply higher revenue and earnings in the fiscal second quarter ending in October.
Revenue increased 272% to $268.0 million from $72.0 million, net income swung to a profit of $82.6 million from a loss of $4.2 million, and diluted earnings per share improved to a profit of 44 cents from a loss of 3 cents a year ago.
The company estimated fiscal third quarter revenue to range between $335 million and $345 million, gross margin between 63.8% and 65.8%, and operating expenses between $116 million and $120 million.
China and Hong Kong Indexes Diverged Amid Uneven Recovery
Li Chen
02 Dec, 2025
Hong Kong
Optimism ruled markets in China and Hong Kong amid expectations of additional stimulus measures to stabilize economic growth.
The Hang Seng Index edged up 0.1%, and the mainland-focused CSI 300 index decreased 0.6% as investors reviewed the latest official survey on business activities.
China's manufacturing and non-manufacturing activities confirmed the ongoing slowdown, according to the latest data released by the National Bureau of Statistics on Sunday.
The Manufacturing Purchasing Managers' Index for November edged up to 49.2 from 49.0 in October, after both production and demand showed a slight improvement.
A level above 50 indicates expansion, while a level below 50 shows contraction.
The persistent weakness in domestic demand, intense price competition, and cautious export outlook kept manufacturing activity in check.
The PMI for non-manufacturing, which includes construction, eased to 49.5 in November, weaker by 0.6 percentage points than in the previous month.
The weak property sector and lackluster consumer demand dragged down the growth into negative territory for the first time in three years and to the lowest level since December 2022.
New orders, export demand, and employment remained in contraction as businesses struggled with thin margins.
China's Composite PMI Output Index eased to 49.7 in November from 50.0 in the previous month, marking the lowest reading in 35 months.
China Indexes and Stocks
The weaker-than-expected business activities surveys raised expectations for additional policy support measures at the end of the annual economic work conference later this month.
The Hang Seng Index increased 0.1% to 26,061.75, and the mainland-focused CSI 300 index edged down 0.6% to 4,548.78.
Electric vehicle makers turned lower after November's sales gains fell short of market expectations. The government subsidies and lower tax rates, set to expire at the end of 2025, drew a rush of buyers.
Li Auto decreased 1.5% to HK $69.20, Xiaomi Corp. edged up 0.5% to HK $40.52, and Xpeng fell 5.4% to HK $78.85.
Xpeng said vehicle sales soared 18.9% to 36,728, and Nio's soared 76.3% to 36,275 in November.
China and Hong Kong Indexes Diverged Amid Uneven Recovery
Li Chen
02 Dec, 2025
Hong Kong
Optimism ruled markets in China and Hong Kong amid expectations of additional stimulus measures to stabilize economic growth.
The Hang Seng Index edged up 0.1%, and the mainland-focused CSI 300 index decreased 0.6% as investors reviewed the latest official survey on business activities.
China's manufacturing and non-manufacturing activities confirmed the ongoing slowdown, according to the latest data released by the National Bureau of Statistics on Sunday.
The Manufacturing Purchasing Managers' Index for November edged up to 49.2 from 49.0 in October, after both production and demand showed a slight improvement.
A level above 50 indicates expansion, while a level below 50 shows contraction.
The persistent weakness in domestic demand, intense price competition, and cautious export outlook kept manufacturing activity in check.
The PMI for non-manufacturing, which includes construction, eased to 49.5 in November, weaker by 0.6 percentage points than in the previous month.
The weak property sector and lackluster consumer demand dragged down the growth into negative territory for the first time in three years and to the lowest level since December 2022.
New orders, export demand, and employment remained in contraction as businesses struggled with thin margins.
China's Composite PMI Output Index eased to 49.7 in November from 50.0 in the previous month, marking the lowest reading in 35 months.
China Indexes and Stocks
The weaker-than-expected business activities surveys raised expectations for additional policy support measures at the end of the annual economic work conference later this month.
The Hang Seng Index increased 0.1% to 26,061.75, and the mainland-focused CSI 300 index edged down 0.6% to 4,548.78.
Electric vehicle makers turned lower after November's sales gains fell short of market expectations. The government subsidies and lower tax rates, set to expire at the end of 2025, drew a rush of buyers.
Li Auto decreased 1.5% to HK $69.20, Xiaomi Corp. edged up 0.5% to HK $40.52, and Xpeng fell 5.4% to HK $78.85.
Xpeng said vehicle sales soared 18.9% to 36,728, and Nio's soared 76.3% to 36,275 in November.
U.S. and Global Markets Extend YTD Gains Amid Slowing Economic Backdrop
Barry Adams
01 Dec, 2025
Mumbai
Wall Street indexes edged slightly higher on Monday, as investors braced for the final month of the year.
The S&P 500 index increased 0.01%, and the tech-heavy Nasdaq Composite edged up 0.02% amid optimism that the Federal Reserve is more likely to deliver a rate cut next week.
Benchmark indexes trimmed November's losses toward the end of the month, as investors returned to increase exposure to high-flying AI-linked stocks.
The tech-heavy Nasdaq Composite closed down 1.5% in November and managed to rebound from a loss of 8% after Fed officials' comments suggested a possible rate cut this month.
The S&P 500 index closed nearly unchanged in November and rebounded from the 5% loss by November 20 as the tech-powered market rally lifted the broader index.
The path for benchmark indexes is uncertain as the year 2025 enters its final month of trading, and investors search for catalysts to sustain the recent market rebound.
Global markets staged a sharp rebound as dip buyers returned in search of bargains. Crude oil prices declined for the second consecutive month in November, and gold traded at elevated prices amid uncertainties about the U.S. economy and monetary policy.
Chinese tech companies accelerated fundraising through Hong Kong listings supported by a strong demand from foreign investors.
Global markets are hovering near record highs, while the broader economy is flashing signals of exhausted middle- and lower-class families.
Much-delayed U.S. economic data released last month confirmed trends in place for several quarters, and the K-shaped economy is increasingly driven by a narrow segment of consumers while most families are struggling to make ends meet.
The top 12 financial markets from the Americas to Europe to Asia are up for the year so far, with the KOSPI index in Seoul leading world markets with a rise of 63%.
U.S. and Global Markets Extend YTD Gains Amid Slowing Economic
Barry Adams
01 Dec, 2025
Mumbai
Wall Street indexes edged slightly higher on Monday, as investors braced for the final month of the year.
The S&P 500 index increased 0.01%, and the tech-heavy Nasdaq Composite edged up 0.02% amid optimism that the Federal Reserve is more likely to deliver a rate cut next week.
Benchmark indexes trimmed November's losses toward the end of the month, as investors returned to increase exposure to high-flying AI-linked stocks.
The tech-heavy Nasdaq Composite closed down 1.5% in November and managed to rebound from a loss of 8% after Fed officials' comments suggested a possible rate cut this month.
The S&P 500 index closed nearly unchanged in November and rebounded from the 5% loss by November 20 as the tech-powered market rally lifted the broader index.
The path for benchmark indexes is uncertain as the year 2025 enters its final month of trading, and investors search for catalysts to sustain the recent market rebound.
Global markets staged a sharp rebound as dip buyers returned in search of bargains. Crude oil prices declined for the second consecutive month in November, and gold traded at elevated prices amid uncertainties about the U.S. economy and monetary policy.
Chinese tech companies accelerated fundraising through Hong Kong listings supported by a strong demand from foreign investors.
Global markets are hovering near record highs, while the broader economy is flashing signals of exhausted middle- and lower-class families.
Much-delayed U.S. economic data released last month confirmed trends in place for several quarters, and the K-shaped economy is increasingly driven by a narrow segment of consumers while most families are struggling to make ends meet.
The top 12 financial markets from the Americas to Europe to Asia are up for the year so far, with the KOSPI index in Seoul leading world markets with a rise of 63%.
Wall Street Indexes Halted Multi-Month Advances Amid AI Bubble Jitters
Barry Adams
28 Nov, 2025
New York City
Stocks in New York barely budged on Friday as many investors stayed away for the Thanksgiving holiday.
The S&P 500 index and the Nasdaq Composite barely edged higher above the flatline as trading resumed after Thursday's holiday.
Financial markets are scheduled to close at 1:00 p.m. ET on Friday, and most traders are not expected to return on Monday.
For the week, the S&P 500 and the tech-heavy Nasdaq Composite are likely to be up more than 3%, but they are likely to close down more than 1% in November.
The S&P 500 index is set to halt its advance for the last six months, and the Nasdaq Composite is likely to end a rally over the last seven months.
Benchmark indexes have struggled to advance over the last three weeks amid fears of an AI bubble, macroeconomic uncertainty, and a frozen housing market.
Economists have been warning about a possible negative impact on economic growth and higher-for-longer inflation following the Trump administration's trade policy reversals and aggressive crackdown on immigrants.
In addition, the federal government shutdown led to an economic data blackout, contributing to market jitters and monetary policy uncertainty.
For now, investors are factoring in a 25-basis-point rate cut at the end of the two-day Federal Open Market Committee's meeting on December 10.
Wall Street Indexes Halted Multi-Month Advances Amid AI Bubble Jitters
Barry Adams
28 Nov, 2025
New York City
Stocks in New York barely budged on Friday as many investors stayed away for the Thanksgiving holiday.
The S&P 500 index and the Nasdaq Composite barely edged higher above the flatline as trading resumed after Thursday's holiday.
Financial markets are scheduled to close at 1:00 p.m. ET on Friday, and most traders are not expected to return on Monday.
For the week, the S&P 500 and the tech-heavy Nasdaq Composite are likely to be up more than 3%, but they are likely to close down more than 1% in November.
The S&P 500 index is set to halt its advance for the last six months, and the Nasdaq Composite is likely to end a rally over the last seven months.
Benchmark indexes have struggled to advance over the last three weeks amid fears of an AI bubble, macroeconomic uncertainty, and a frozen housing market.
Economists have been warning about a possible negative impact on economic growth and higher-for-longer inflation following the Trump administration's trade policy reversals and aggressive crackdown on immigrants.
In addition, the federal government shutdown led to an economic data blackout, contributing to market jitters and monetary policy uncertainty.
For now, investors are factoring in a 25-basis-point rate cut at the end of the two-day Federal Open Market Committee's meeting on December 10.
India FRIDAY
Arjun Pandit
28 Nov, 2025
Select
Stocks in Mumbai lacked momentum amid weak global market sentiment.
The BSE Sensex 30 increased 0.1%, and the Nifty 50 index edged up 0.07%, and the rupee weakened to 89.49 against the U.S. dollar.
Investors stayed on the sidelines in Mumbai and foreign investors continued to lighten their exposure to Indian stocks as India-US trade negotiations dragged on.
Investors held out for a possible rate cut following the RBI's next three-day policy meeting on December 5.
The Sensex 30 and the Nifty 50 indexes edged up 0.5% at the end of this week, and advanced 1.2% in November.
India Indexes and Stocks
The BSE Sensex 30 index increased 0.1% to 85,830.36, and the Nifty 50 index edged up 0.07% to 26,235.05.
Wireless telecom stocks traded volatile after the telecom regulator proposed up to 1% fee for filing incorrect financial reports.
Vodafone Idea declined 0.2% to ₹10.09, Bharti Airtel fell 0.4% to ₹2,106.40, and Reliance Industries advanced 0.5% to ₹1,570.70.
Bandhan Bank increased 0.3% to ₹150.14, and the financial services provider said it plans to sell a portfolio of non-performing assets worth ₹7,000 crore through a bidding process.
Voltamp Transformers Ltd. increased 3.5% to ₹8,358.0, and the company secured an order worth ₹85 crore from Gujarat Energy Transmission Corporation.
Refex Industries jumped 11% to ₹355.50 after the company won an order worth ₹100 crore from a domestic conglomerate.
China and Hong Kong Indexes Extended Losses In November
Li Chen
28 Nov, 2025
Hong Kong
Stocks in China and Asia lacked direction amid a lack of fresh catalysts and local market-moving news.
The Hang Seng Index decreased 0.2%, the CSI 300 Index edged up 0.3%, and benchmark indexes in Tokyo, Seoul, and Mumbai struggled to advance in Friday's trading.
The Hang Seng Index and the CSI 300 advanced more than 1%, but for November they edged down 0.2% and 1.3%, respectively.
Market indexes swung wildly in November after AI bubble worries and uncertain U.S. monetary policy contributed to market jitters.
Investors stayed on the sidelines amid receding risk appetite as the year 2025 approached year-end and avoided increasing exposure to riskier assets.
On the economic front, investors are awaiting the release of China's business activities surveys for November, and market participants are estimating a decline in manufacturing activities amid weakening export growth and slim profit margins.
China Indexes and Stocks
The Hang Seng index decreased 0.2% to 25,901.12, and the CSI 300 index edged up 0.3% to 4,527.41.
Hebei Haiwei Electronic New Material Technology fell 15% to HK $12.10 after the company listed its stock on the Hong Kong Stock Exchange.
The thin-film capacitor maker priced its 35.45 million-share initial public offering at HK$14.28 per share and raised gross proceeds of HK$506.31 million.