Happy Tuesday and welcome to TheStreet’s Stock Market Today for November 11, 2025. U.S. markets closed mostly higher, with the Dow Jones Industrial Average leading gains and notching a new all-time high. Investors navigated a mix of corporate news, government shutdown updates, and ongoing volatility in technology stocks following SoftBank’s surprise sale of its Nvidia stake.
Here’s a breakdown of the day’s key market developments, earnings highlights, and major stock movers.
Closing Bell: Dow Leads Gains, Nasdaq Lags
At the closing bell, the Dow Jones Industrial Average jumped 1.18%, or 559 points, to end at 47,927.96 — its highest level on record. The S&P 500 gained 0.21%, while the Russell 2000 rose 0.17%. The Nasdaq Composite slipped 0.25%, weighed down by losses in Nvidia following SoftBank’s divestment.
Despite the mixed performance among indexes, breadth was positive, with more than half of S&P 500 stocks advancing. Traders credited upbeat ADP and NFIB data for helping maintain market confidence during a session dominated by news from the technology sector.
Midday Movers: Healthcare and Tech in Focus
In midday trading, market breadth favored the bulls. About 53.7% of listed stocks were advancing even as the Nasdaq declined. The Dow gained nearly 1%, while the S&P 500 turned modestly positive. Key gainers and decliners defined the tone of the session.
- Winners: Anbio Biotechnology (+12.1%) continued to attract retail attention, while Guardian Pharmacy Services (+12%) jumped after raising full-year revenue guidance. Brokerage platform Etoro (+11.3%) rallied on record profits, and Paramount Skydance (+10.1%) rose after strong quarterly results and upbeat film production forecasts. Novo Nordisk (+6.8%) also climbed despite missing out on its bid for weight-loss startup Metsera.
- Losers: Life360 (-22.1%) plunged after disappointing earnings, followed by Century Aluminum (-14.3%) as Glencore trimmed its stake. Among AI-related firms, CoreWeave (-13.9%) fell on weak guidance tied to capacity delays, TeraWulf (-12%) slid after missing revenue targets despite an 87% quarterly surge, and Fermi Inc. (-12%) dropped after revealing limited progress since its IPO.
The Dow’s Standout Session
The Dow outperformed major indexes, gaining 0.64% earlier in the day and extending that lead into the close. Only seven of its 30 constituents finished lower. Merck (+3.4%) and Nike (+3.2%) were among the top performers, while Nvidia (-3.4%) weighed on tech-heavy benchmarks after SoftBank sold its $5.8 billion stake to redirect capital into new AI ventures.
Because Nvidia is only the 19th largest component in the price-weighted Dow, its decline had limited impact on the index compared to the Nasdaq and S&P 500, where its market cap exerts greater influence.
Pre-Market: Nvidia Sale Sets Tone for the Day
Before the market opened, U.S. stock futures dipped following SoftBank’s announcement that it had liquidated its entire Nvidia position. The sale fueled speculation about capital rotation across the AI sector, with traders weighing whether SoftBank might reinvest in emerging AI startups. Despite the early pullback, markets stabilized once trading began, aided by resilient sentiment in industrials and consumer stocks.
Meanwhile, Berkshire Hathaway’s Warren Buffett confirmed he would step down as chairman and CEO at year-end, passing leadership to Greg Abel. Buffett said he would “go quiet” but continue writing an annual Thanksgiving shareholder letter and overseeing philanthropic efforts tied to his $150 billion fortune.
Economic and Sector Updates
Economic data added mixed signals. The NFIB Business Optimism Index fell to 98.2 in October, missing forecasts of 98.8, while ADP’s weekly employment change index reported 11,250 job losses, reversing much of the prior week’s gains. Analysts cited the ongoing U.S. government shutdown as a factor disrupting labor market reporting and public services.
Flight cancellations surpassed 1,200 for the day, according to FlightAware, as regional carriers Republic, Endeavor Air, and SkyWest faced operational disruptions. However, hopes of an imminent resolution to the shutdown have improved market sentiment, with traders expecting a rebound in travel and logistics once federal operations resume.
Outlook
As Wall Street looks ahead, investors will monitor further government negotiations, corporate earnings, and comments from Federal Reserve officials as the shutdown nears its end. With the Dow reaching fresh highs and technology stocks under pressure, analysts expect continued rotation into value and defensive names through the remainder of November.
