By Park-Elm|
2025-12-02T18:46:54+00:00
December 2nd, 2025|Markets|
- A record-long government shutdown, concerns over elevated Big Tech valuations, and hawkish sentiment from the Fed initially rattled U.S. equity markets in November. Consumer sentiment fell to its lowest level since 2022 and VIX® soared to its highest reading since April. But there was plenty to be thankful for, most prominently a sharp rise in expectations for a December rate cut, which led to a strong turnaround for the S&P 500® in the last week of the month. As a result, the index finished November up 0.25%.
- Smaller caps outperformed versus their large-cap peers, with the S&P MidCap 400® and S&P SmallCap 600® up 2% and 3%, respectively.
- Performance among large-cap sectors was mixed. Health Care had a banner month, surging 9%, its strongest monthly gain since April 2020. In contrast, Information Technology shed 4% as AI-bubble fears grew heightened, although the sector subsequently staged a dramatic comeback towards the end of the month.dashboard-us-2025-11
