SPY Holds the $667 Line as AI CapEx Booms and Fed Officials Cloud a December Cut — Weekend Market Wrap (Nov. 8, 2025)
SPY closed Friday at $670.97, up 0.1%, while the Nasdaq posted its worst week since April as AI stocks faltered. Fed Chair Powell said a December rate cut is “not a foregone conclusion,” pushing cut odds to around 65%. Late signs of progress on averting a U.S. government shutdown narrowed losses. The 10-year Treasury yield dipped to 4.09%.