<div id="readability-page-1">04:59 PM EST, 11/21/2025 (MT Newswires) -- US equity indexes fell this week as stretched valuations and circular funding risks outweighed a significant boost from Nvidia's (NDA) blockbuster results and the likelihood of a December interest-rate cut.* The S&amp;P 500 closed at 6,602.99 on Friday versus 6,734.11 a week ago. The Nasdaq Composite stood at 22,273.08 compared with 22,900.59 a week earlier. The Dow Jones Industrial Average ended at 46,245.41, versus 47,147.48 at the end of last week.* Communication services, healthcare, and consumer defensive led sector charts.* All but one of the Magnificent-7 stocks, Alphabet (GOOG, GOOGL), fell this week. Nvidia beat on Q3 sales and earnings, and also raised Q4 guidance above market expectations.* Oracle (ORCL) sank 11% this week amid concern over risk related to AI capital expenditure. Its 5-year credit default swaps have surged past 110 basis points, the highest in three years, a report from FXStreet said.* Bloomberg reported 20 banks are providing $18 billion in funding to help fund a data center tied to Oracle in New Mexico. Oracle's total debt-to-equity ratio was almost 533% as of May, according to data compiled by FactSet.* Palantir Technologies ( PLTR ) has fallen out of favor after its Q3 beat-and-raise on Nov. 3 failed to justify its lofty 85 times price-to-sales ratio and a forward price-to-earnings ratio approaching 240 times. Its shares were down 11% this week.* New York Fed President John Williams said Friday he sees room for &#34;further adjustment&#34; to rates in the near term. His statement helped investors in interpreting how the Fed would view the September nonfarm payrolls. That report showed job additions soared by more than twice the expected amount, and the unemployment rate came in higher than anticipated, exacerbating the divide between policy hawks and doves.* The likelihood of a 25-basis point cut in interest rates next month catapulted to about 70% by late Friday, up from 39% the previous day, according to the CME FedWatch Tool. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

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US equity indexes fell this week due to concerns over AI CapEx and circular funding, despite Nvidia's strong results and potential Fed rate cut. S&P 500, Nasdaq, and Dow Jones all declined. Oracle's stock dropped amid AI expenditure risks, while Palantir's high valuation led to a share decrease. Fed rate cut likelihood increased to 70%.

- US equity indexes declined this week due to stretched valuations and funding risks, despite Nvidia's strong performance and potential interest-rate cuts.  
- The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all saw significant drops, with Oracle facing concerns over AI capital expenditure and a surge in credit default swaps.  
- New York Fed President John Williams indicated potential for further rate adjustments, increasing the likelihood of a 25-basis point cut to about 70% by late Friday.

US Equity Indexes Fall This Week as AI CapEx, Circular Funding Concerns Offset Nvidia Results, Fed Boost