SPY Holds the $667 Line as AI CapEx Booms and Fed Officials Cloud a December Cut — Weekend Market Wrap (Nov. 8, 2025)
What moved stocks on Friday Stocks whipsawed but the S&P 500 and Dow finished slightly higher, while the Nasdaq slipped amid renewed skepticism about the durability of the AI rally. Late‑day reports of shutdown progress helped narrow losses. Treasury 10‑year yields dipped to about 4.09% into the close. Reuters Meanwhile, SPY eked out a small gain as the session digested a sharp drop in consumer sentiment, ongoing tech volatility, and the long government shutdown that is still muting official data releases. TipRanks Fed watch: December cut now a coin toss—at best Pricing in Fed funds futures has swung: depending on