A resurgence in tech shares spurred a rebound in stocks, though the advance was limited by concerns over the Federal Reserve’s ability to slash interest rates in December. Bonds fell.
The relief brought by the US shutdown’s end gave way to volatility this week as a host of Fed speakers threw cold water on bets for further policy easing. Hot areas favored by momentum traders such as artificial-intelligence whipsawed and Bitcoin was barely up for 2025. While the S&P 500 erased a 1.4% slide, most of its shares fell. Nvidia Corp. rose ahead of its earnings.