Argus
•
Nov 07, 2025
Market Update: SWKS, BRSL, XYZ, RDDT
Sector(s)
Communication Services, Technology, Consumer Cyclical
Summary
Stocks followed through from lower futures and are on the downside again today, with the Nasdaq faring worst and on pace for a nearly 4% decline on the week. AI stocks, huge leaders coming into November, are facing sky-high valuation concerns. Meanwhile, the government shutdown produces ever-weaker GDP growth as it lingers on. Federal Reserve officials are left without key government economic data, as the fate of another interest rate cut hangs in the balance. The yield on the 10-year Treasury note was down at 4.0
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