Evening Market Recap - Wednesday, 12-Nov
Update: 2025-11-12
Description
US equities finished mixed in Wednesday afternoon trading, and off best levels, with the Dow Jones and S&P500 closing up 68bps and 6bps respectively, while the Nasdaq closed down 26bps, in another session characterized by better breadth. AI sentiment helped by positive AMD analyst day takeaways and Foxconn earnings, though a number of big tech names were soft. Fedspeak for the day included Atlanta's Bostic noting he favors keeping funds rate steady until clearer evidence inflation moving lower, and Miran again noted his preference for a 50 bp December cut. Treasury's $42B 10-year note auction tailed by 0.6 bp with the lowest bid-to-cover since August of 2024.
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