Stock Market Today: Dow, S&P 500 and Nasdaq set for cautious start after after biggest intraday swing since April

Follow along to the action on Friday after the S&P 500 went from a 1.9% gain to a 1.6% loss.

Last Updated: 

Nov. 21, 2025 at 7:00 AM EST

Friday’s reads

These two corners of the stock market haven’t fallen this far together since 1990 — a cautious sign for the economy

Stocks see biggest intraday selloff since April as Nvidia-inspired rebound falters. Here’s what investors need to know.

The stock market has peaked, and a three-year downturn is starting, says this veteran strategist

DJIA (Dow Jones Global)$180.64 USD-5.88-3.15%45752.26-386.51-0.84%

S&P 500SPX (S&P US)6538.76-103.40-1.56%

NasdaqCOMP (Nasdaq)22078.05-486.18-2.15%

Latest Updates

UPDATED 7:00 AM EST NOVEMBER 21ST, 2025

Former Bridgewater pro says he’s sticking with his ‘fading euphoria’ play

By Steve Goldstein

Bob Elliott, the former researcher at Bridgewater Associates and co-founder of Unlimited Funds, says he’s sticking with what he calls the “fading euphoria” play that he first described on Oct. 19.

That trade is for every $1, going long 25 cents of the Vanguard Long-Term Treasury ETF while going short 25 cents of the S&P 500 tracker fund and going short 25 cents of the SPDR Bridgewater All Weather ETF.

Vanguard Long-Term Treasury ETF

VGLT (U.S.: Nasdaq)

$56.85 USD0.200.35%SPDR S&P 500 ETF TrustSPY (U.S.: NYSE Arca)

$652.53 USD-10.10-1.52%SPDR Bridgewater All Weather ETFALLW (U.S.: Nasdaq)

$28.15 USD-0.14-0.49%SPDR Bridgewater All Weather ETFALLW (U.S.: Nasdaq)

UPDATED 6:30 AM EST NOVEMBER 21ST, 2025

Premarket movers: Nvidia extends losses while Intuit and Gap rise

By Steve Goldstein

Intuit stock rose 3% as the accounting software’s earnings and sales beat expectations.

Gap shares rose 3% as the clothing retailer lifted full-year guidance.

Intuit Inc.

INTU (U.S.: Nasdaq)

$637.44 USD-13.18-2.03%Gap Inc.GAP (U.S.: NYSE)

$23.06 USD-0.42-1.79%NVIDIA Corp.NVDA (U.S.: Nasdaq)

$180.64 USD-5.88-3.15%Oracle Corp.ORCL (U.S.: NYSE)

$210.69 USD-14.84-6.58%

UPDATED 4:30 AM EST NOVEMBER 21ST, 2025

Bitcoin and other cryptocurrencies struggling again

Bitcoin is struggling again.

The main cryptocurrency was trading 3% lower at $83,610, putting it some 30% away from its record high.

BTCUSD (CoinDesk Indices)

CoinDesk Bitcoin Price Index (XBX)80983.90-5353.28-6.20%

Ethereum USD ETH USD (Kraken)2630.32-248.06-8.62%

XRP USD XRP USD (Kraken1.8285-0.1903-9.4269%

UPDATED 4:30 AM EST NOVEMBER 21ST, 2025

S&P 500 futures rise after biggest swing in markets since April 8

BY Steve Goldstein

U.S. stock futures traded higher Friday, a session after the wheels fell out of a market reacting to Nvidia’s latest forecasts and surprisingly strong payrolls growth.

Dow Jones Industrial Average futures rose 0.5% to 46064

S&P 500 futures gained 0.4% to 6583

Nasdaq-100 futures rose 0.3% to 24202

JP:9984 (Japan: Tokyo)

SoftBank Group Corp.¥17090.00 JPY-2090.00-10.90%

E-Mini DowYM00 (CBT)$45894.00 USD69.000.15%

E-Mini S&P 500ES00 (CME)$6542.50 USD-15.00-0.23%

E-Mini Nasdaq 100NQ00 (CME)$24016.00 USD-115.50-0.48%

NVIDIA Corp.NVDA (U.S.: Nasdaq)$180.64 USD-5.88-3.15%

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