U.S. stocks close mixed following steep declines

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U.S. stocks close mixed following steep declines

2025-11-15 13:29 Last Updated At：14:14

U.S. stocks ended mixed on Friday following the market's steepest declines in a month.

The Dow Jones Industrial Average fell 309.74 points, or 0.65 percent, to 47,147.48, marking its second straight drop but still notching a weekly gain. The S and P 500 slipped 3.38 points, or 0.05 percent, to 6,734.11. The Nasdaq Composite Index rose 30.23 points, or 0.13 percent, to 22,900.59, snapping a three-day losing streak.

Seven of the 11 primary S and P 500 sectors finished lower, with materials and financials leading the laggards, down 1.18 percent and 0.97 percent, respectively. Energy and technology outperformed, advancing 1.37 percent and 0.74 percent, respectively.

The tech trade regained some footing after several days of pressure. AI leaders Nvidia and Oracle rebounded from their losses in the prior session, as did Palantir Technologies and Tesla, both of which had dropped more than 6 percent on Thursday.

Those sharp declines had briefly put the Nasdaq on course to break its seven-week winning streak, but Friday's recovery lifted the index back into positive territory for the week. Concerns about the sustainability of the AI rally have intensified, with the recent rout in cloud-computing giant Oracle heightening worries over stretched valuations, heavy reliance on debt financing, and soaring capital expenditure plans across the sector.

"AI is truly testing the limits of Wall Street spreadsheets right now," David Krakauer, vice president of portfolio management at Mercer Advisors, told CNBC, adding that investors pricing in "so much of this future growth that they really can't measure yet" just spurs an "environment of swings."

Adding to the market unease, traders continued to assess the Federal Reserve's upcoming policy decision. Market pricing now puts the odds of a quarter-point rate cut in December at below 50 percent, which is sharply lower than the roughly 95 percent probability seen a month ago, according to the CME FedWatch Tool.

NATO's Arctic activities pose security threat to Russia: ambassador

Russia is taking all necessary measures to ensure its national security amid the growing presence and military activities of NATO member states in the Arctic region, a Russian diplomat said on Saturday.

RIA Novosti quoted Russian Ambassador to Norway Nikolai Korchunov as saying that recent military preparations by Norway, Britain and other NATO countries on the alliance's northern flank pose direct security risks to Russia, destabilize the Arctic region and increase the likelihood of dangerous incidents.

It is clear that the intensified militarization of Norway's northern regions and the internationalization of military activity in the Arctic will not strengthen security but instead fuel military-political tensions and escalation, Korchunov said.

He stressed that these negative trends cause justified concern and compel Russia to take all necessary steps to safeguard its security.

Britain and Norway signed a new defense cooperation agreement on Thursday. The agreement includes joint maritime patrols in waters between Greenland, Iceland, Britain and Norway to monitor movements of Russian Navy submarines. It also provides for increasing the number and duration of British Royal Marines deployments on Norwegian territory, and envisages the possible creation of supporting military infrastructure in the country's northern regions.