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The S&P 500 Index is up 0.10%, while the Dow Jones Industrials Index is up 0.85%, hitting a new all-time high on November 7, 2025. The Nasdaq 100 Index is down 0.31%. US stock markets are trading mixed with optimism surrounding a potential end to the government shutdown, as the House is expected to vote on a continuing resolution today. If approved, the bill will be sent to President Trump for signing.
In the latest earnings reports, 456 of the S&P 500 companies have submitted results, with 82% exceeding forecasts. Q3 earnings rose 14.6%, significantly surpassing the expected 7.2% increase. The Euro Stoxx 50 also reached a record high, up 1.18%, while China’s Shanghai Composite finished down 0.07% and Japan’s Nikkei up 0.43%.
In mortgage news, US MBA mortgage applications rose 0.6% for the week ending November 7, 2025. The average 30-year fixed mortgage rate increased to 6.34%. The market is currently pricing in a 65% probability of a 25 basis point rate cut at the upcoming FOMC meeting on December 9-10.
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