Weekly Start Overview: Week of November 24, 2025

: This analysis provides information gathering and market context to support decision-making. It is NOT investment advice, trading recommendations, or financial guidance. The goal is to present factual information, market context, and risk identification to help users make informed decisions.

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US equity markets are set for a positive open on Monday (Nov24) following a volatile week of pullback and recovery, with E-mini S&P 500 futures up 0.5% pre-market [0]. Key themes driving sentiment include constructive progress in Ukraine peace talks [6], Morgan Stanley’s bullish outlook that the recent market pullback is nearing an end [1], and a busy week ahead of earnings (Alibaba, Deere) and critical economic data (Retail Sales, PPI, GDP) [7][8].

Last week saw significant volatility across US indices:

• S&P500
  : Dropped 2.96% on Nov20 (to 6538.77) then recovered 0.72% on Nov21 (closing at 6602.98) [0].
• Nasdaq Composite
  : Fell 4.25% on Nov20 (to 22078.05) then gained 0.5% on Nov21 (22273.08) [0].
• Russell2000
  : Led recovery with a 2.72% jump on Nov21 (to 2369.59) [0].

• Top
  : Healthcare (+1.73%), Industrials (+1.52%), Basic Materials (+1.39%) [0].
• Bottom
  : Utilities (-0.88%), Real Estate (+0.07%), Technology (+0.15%) [0].

• E-mini S&P500 (ES=F) rose to $6653.50 (+0.5%) pre-market, indicating broad risk-on sentiment [0].

US and Ukrainian representatives met in Geneva on Nov23, agreeing to an “updated and refined” peace framework. The White House described talks as “constructive and focused,” reaffirming commitment to Ukraine’s sovereignty [6].

Michael Wilson (Morgan Stanley) stated the recent market pullback is “nearing its end,” citing improved technicals and valuation metrics. He reaffirmed a bullish 2026 outlook for US equities [1].

Alvotech’s AVT03 received EU approval as a biosimilar to Amgen’s Prolia/Xgeva, a key milestone for the biotech firm and positive for the sector [2].

AlKhorayef Petroleum (Saudi Arabia) is preparing for an IPO, adding to MENA’s growing capital market activity and potentially impacting energy sector sentiment [4].

A critical bug in Windows11 24H2 causes File Explorer/Start Menu crashes after recent updates, raising concerns for Microsoft’s enterprise and consumer segments [5].

• Alvotech (ALVO)
  : Expected to rise on EU approval of AVT03 (biosimilar to Prolia/Xgeva) [2].
• Ooma (OOMA)
  : Up on $23.2M acquisition of Phone.com, expanding its cloud communication portfolio [3].
• Microsoft (MSFT)
  : May face short-term pressure due to Windows bug, but long-term impact remains unclear [5].
• AlKhorayef Petroleum
  : Private firm preparing for IPO—watch related energy stocks (e.g., Saudi Aramco) [4].

• Nov24
  : Zoom (ZM), Ag Growth International (AFN.TO) [7].
• Nov25
  : Alibaba (BABA), Kohl’s (KSS), Dell (DELL), Analog Devices (ADI), NIO [7].
• Nov26
  : Deere & Company (DE), Li Auto (LI) [7].

• Nov25
  : Retail Sales (Advance MoM), PPI Final Demand [8].
• Nov26
  : Fed Beige Book, FHFA House Price Index [8].
• Nov27
  : Initial Jobless Claims, GDP (3Q Final) [8].

• Lorie Logan (Nov25), Raphael Bostic (Nov25) [8].

• S&P500
  : Resistance at 6700, Support at 6500 [0].