Intraday Market Overview - November 25, 2025

Mid-session US markets are positive with the Dow Jones leading gains (+0.84%), supported by rate cut expectations from Federal Reserve officials and rotation into value sectors like Financials. However, a sharp drop in US Consumer Confidence (largest since April) and tech sector underperformance (led by AMD’s ongoing slump) temper overall momentum [0][1][2][6].

: Major indices are up mid-session:

• Dow Jones Industrial Average: +0.84% to 46,872 (volume: 300.48M shares)
• S&P 500: +0.54% to 6,733 (volume:1.23B shares)
• Nasdaq Composite: +0.24% to22,857 (volume:3.69B shares) [0]

:

• Top: Financial Services (+0.72%), Consumer Defensive (+0.71%), Healthcare (+0.65%)
• Lag: Utilities (-1.53%), Basic Materials (-0.99%), Real Estate (-0.92%)
• Tech Sector: Down (-0.46%) despite gains in select AI chip stocks [1][9]

: Value sectors outperform growth, indicating a rotation from tech/growth to defensive/value stocks [1].

1. Fed Policy
   : San Francisco Fed President Mary Daly backs December rate cut citing a vulnerable labor market, boosting rate-sensitive sectors like Financials [6].
2. Economic Data
   : US Consumer Confidence fell 6.8 points to88.7 (largest drop since April), raising concerns about consumer spending [2].
3. Sector Rotation
   : Value sectors (Financials, Healthcare) outperform growth (Tech, Real Estate) amid rate cut hopes [1].
4. Corporate News
   :
   • MGM Resorts & Caesars Entertainment rally on strong Las Vegas baccarat/sportsbook results [3].
   • Semtech drops10% on margin concerns despite beating earnings estimates [4].
   • AMD’s stock is down23% in November (worst month in three years) due to interest rate worries and AI competition [2].

:

• AI Chipmakers: Broadcom (+11.1%), Micron (+8%), AMD (+5.5%) [9]
• Casino Stocks: MGM/Caesars (up on Vegas results) [3]

:

• Semtech (-10% on margin concerns) [4]
• AMD (down23% in November) [2]
• Utilities: Sector down1.53% (e.g., NextEra Energy likely underperforming) [1]

:

• Affirm Holdings: Divided institutional sentiment via unusual options trades [10].
• Binance: Sued over alleged Hamas crypto transfers, potentially impacting crypto-related stocks [5].

: No scheduled Fed speakers or economic data releases remaining [8].
:

• Dow: Support at 46,341 (intraday low), Resistance at 46,881 (intraday high)
• S&P500: Support at6,660, Resistance at6,734 [0]
  
  Sentiment
  : Mixed but positive—rate cut hopes support gains, but weak consumer data and tech headwinds create caution [2][6].