Your Evening Briefing

November 07, 2025

Markets end first week of November on a mixed note

November may be historically the best month for US stocks but you wouldn’t know it from the start of the one in 2025. US consumer sentiment sank to near-historic lows amid the ongoing shutdown, and the general mood of the markets was decidedly risk off.

The rough goings were highlighted by the company at the center of the AI trade, Nvidia, suffering its worst week since April 18, dragging down a cohort of tech stocks with it, and retail traders “skipping the dip” by selling single stocks amid the downturn.

The good news: after big declines in the morning, stocks staged a massive comeback in the afternoon to end well off session lows, with the S&P 500 inching into positive territory by market close. The Russell 2000 also clawed back losses to end in the green, while the Nasdaq 100 still finished slightly down on Friday.

Stocks that moved higher:

Monster Beverage climbed 5% after the bell on Thursday and built on those gains through Friday’s session, following strong Q3 results fueled by its zero-sugar line and novel flavors.
DraftKings reversed its 11% drop in the wake of its post-close earnings report Thursday to end well in the green after briefing analysts about its plan to get its own prediction markets business up and running.
Expedia soared as strong room-night growth in the US and Asia fueled a big Q3 beat and Wall Street welcomed the results.
Target shareholders smiled at the idea of the retailer rolling out a mandatory friendliness rule for its employees.
Investors swiped right on Grindr after the dating app reported better-than-expected Q3 earnings and sales Thursday after the bell, in what could be its last report as a public company.

Stocks that moved lower:

Archer Aviation ended the week deep in the red after reporting its third-quarter results after the bell Thursday and announcing a $650 million direct stock offering, both of which disappointed investors.
While Monster rose, competitor Celsius fell, despite beating expectations with its Q3 earnings report after the bell on Thursday. Investor pessimism seemed largely due to concerns about a change in the company’s distribution channel.
Opendoor Technologies reported Q3 earnings that were not well received by the market, with shares cratering in after-hours trading on Thursday and still in the red on Friday, though barely.
Fintech giant Block — formerly known as Square — got crushed on Friday as investors digested the company’s latest set of results and didn’t celebrate the $68 million it spent on a party.
Ad tech platform The Trade Desk reported better-than-expected Q3 results after the close on Thursday, but investors seemed bearish on its “future growth potential.”
Take-Two Interactive plunged after announcing on Thursday during its earnings report that “Grand Theft Auto 6” will be delayed again.

— Luke Kawa, Markets Editor & Toby Bochan, Managing Editor

Retail traders are “skipping the dip” this time

One noteworthy feature of the recent market downturn: retail traders seemingly aren’t eager to buy the weakness in single stocks the way they used to be.

Read more.

Big Tech’s most important infrastructure is at the bottom of the sea

While massive data centers on land are the focus of the industry right now, and space-based internet is scaling up, undersea fiber is still the most crucial part of tech companies’ infrastructure for global computing today, as they handle 99% of all international network traffic.

See our in-depth maps.

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(Andrew Harnik/Getty Images)

Nvidia’s tumble rolls on as CEO Jensen Huang continues to talk about the one thing going wrong for the chip designer. The chip designer dropped more than 9% in the three days ended Thursday. That’s its biggest such tumble since April 7, the three sessions that followed President Donald Trump’s Rose Garden tariff announcements.

Read more.

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A lot was said, and none of it gave the stock a boost.
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Drone warfare in Ukraine and threats from China’s drone dominance are pushing the US to ramp up from its place as a laggard in the industry.
Target tells workers to smile, wave, and greet shoppers if they come within 10 feet of them
Sir, if you come any closer I will have to ask you if you need my help.
Amazon expands low-price Haul section to 14 new markets as Amazon Bazaar app
Amazon Haul and Amazon Bazaar have “different names chosen to better resonate with local language preferences and cultures.”

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