US Equity Markets Mixed After Major Technology Stocks Face Declines

MT Newswires Live
2025/11/12

US equity indexes were mixed on Tuesday, led by declines in the technology and communication services sectors, which pulled the Nasdaq Composite lower.

* The Senate approved a bill to end the longest government shutdown in US history, with the measure now awaiting a vote in the House of Representatives before heading to President Donald Trump for final approval, according to a note from D.A. Davidson. House Speaker Mike Johnson said the chamber could vote on the legislation as early as Wednesday, Reuters reported Tuesday.

* ADP's second weekly report on national employment showed private-sector payrolls declined by an average of 11,250 jobs over the four weeks ending Oct. 25.

* December West Texas Intermediate crude oil rose $0.82 to settle at $60.95 per barrel, while January Brent crude, the global benchmark, was last seen down $1.00 to $65.06.

* Paramount Skydance (PSKY) shares rose about 9.7% after the company posted stronger-than-expected Q4 revenue guidance and announced a significant workforce reduction. Benchmark raised its price target on the stock to $19 from $16 while keeping a buy rating.

* CoreWeave (CRWV) shares dropped nearly 16% after the company posted strong Q3 results but cut its fiscal 2025 revenue forecast by $150 million to $5.10 billion due to a specific supply chain issue.

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